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For Rs 1600 at 5% compounded annually for 2 years, the interest for the SECOND year alone is:

Class 8Compound InterestComparing Quantities
  • ARs 84
  • BRs 80
  • CRs 88
  • DRs 164

Step-by-Step Solution

After 1 year amount = 1600 * 1.05 = 1680. Second-year interest = 5% of 1680 = Rs 84.
Answer: A) Rs 84

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