20. 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. Both I and II are necessary to answer
Answer: Option C
Explanation:
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).
Title :
Compound Interest Q20
Description : 20. What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II.Rs. 200 was borrowed for ...
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