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%.

I. Amount = R s . 200 * 1 + 6 100 16 II. Amount = R s 200 * 1 + 6 100 16 Thus, I as well as II gives the answer.

Correct Answer: Either I or II alone sufficient to answer

Explanation:

I. Amount = $R s . 200 * 1 + \frac{6}{100} 16$

II. Amount = $R s 200 * 1 + \frac{6}{100} 16$

Thus, I as well as II gives the answer.

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