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### Discussion :: Compound Interest

1.  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%

2. A.

I alone sufficient while II alone not sufficient to answer

B.

II alone sufficient while I alone not sufficient to answer

C.

Either I or II alone sufficient to answer

D.

Both I and II are not sufficient to answer

E.
 Both I and II are necessary to answer

Explanation :

I. Amount=Rs.[200x$$(1+\frac {6 } { 100 } )$$16]

II. Amount =Rs.[200x$$(1+\frac {6 } { 100 } )$$16

Thus, I as well as II gives the answer.

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