What will be compounded amount I Rs 200 was borrowed for 192 months at 6 compounded annually II Rs 2...........

Quantitative Aptitude ( CCS) Data Sufficiency

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 alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

I. Amount = Rs.[200*(1+6/100)¹⁶]

II. Amount =Rs[200*(1+6/100)¹⁶]

Thus, I as well as II gives the answer.

Hence, option 3 is the correct answer.

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