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%.

by

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

View Answer
Option – C.

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