A) Rs. 800
B) Rs. 1000
C) Rs. 1200
D) Rs. 1600
E) Other than those given as options
Correct Answer: A
Solution :
20% per annum compound rate of interest for 2 years is equivalent to \[20+20+\frac{20\times 20}{100}=44%\] 10% simple rate of interest for 4 years is equivalent to 40%. Now, \[44%\equiv 880\] \[\therefore \] \[40%\equiv 800\]You need to login to perform this action.
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