Arithmetic Ability
Compound Interest

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Q.

What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. 200 was borrowed for 16 years at 6%.

View Answer

Correct choice: C

Explanation:

I. Amount = Rs.[200*(1+6/100)16] II. Amount =Rs[200*(1+6/100)16] Thus, I as well as II gives the answer.
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