A sum of Rs. 91,00 is borrowed at 20% per annum compounded annually...

A sum of Rs. 91,00 is borrowed at 20% per annum compounded annually. If the amount is to be paid in two years, the amount will be.. (a) Rs. 131,040 (b) Rs. 132,800 (c) Rs. 132,500 (d) Rs. 142,300

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  • Hello Dear,
    Amount = Principal (1+rate/100)time
    Amount = 91000 * 120 / 100 * 120 / 100
    Amount = 910 * 12 * 12
    Amount = 910 * 144
    Amount = 131040
    Correct answer is a Rs.131,040
     
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