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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%.
(A): Both I and II are necessary to answer
(B): Both I and II are not sufficient to answer
(C): Either I or II alone sufficient to answer
(D): I alone sufficient while II alone not sufficient to answer
(E): II alone sufficient while I alone not sufficient to answer
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By: guest on 01 Jun 2017 05.46 pm
I. Amount = Rs. 200 x 1 + 6 16 100 II. Amount = Rs. 200 x 1 + 6 16 100 Thus, I as well as II gives the answer. Correct answer is (C).
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