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Amit borrowed ₹ 800 at 10% rate of inter...

Amit borrowed ₹ 800 at `10%` rate of interest. He repaid ₹ 400 at the end of first year. What is the amount required to pay at the end of second year to discharge his loan which- was calculated at compound interest?

A

420

B

440

C

450

D

528

Text Solution

Verified by Experts

The correct Answer is:
D
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