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A person invested Rs. 100,000 at 8% simple interest for 5 years and reinvested the amount received at 10% compounded yearly for 2 years. What was the final amount received by him?a)Rs. 1,56,000b)Rs. 1,60,000c)Rs. 1,68,000d)Rs. 1,69,400Correct answer is option 'D'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about A person invested Rs. 100,000 at 8% simple interest for 5 years and reinvested the amount received at 10% compounded yearly for 2 years. What was the final amount received by him?a)Rs. 1,56,000b)Rs. 1,60,000c)Rs. 1,68,000d)Rs. 1,69,400Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person invested Rs. 100,000 at 8% simple interest for 5 years and reinvested the amount received at 10% compounded yearly for 2 years. What was the final amount received by him?a)Rs. 1,56,000b)Rs. 1,60,000c)Rs. 1,68,000d)Rs. 1,69,400Correct answer is option 'D'. Can you explain this answer?.

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