Discussion :: Compound Interest

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%
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.

Answer : Option C
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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