*What will be the principal which amounts 160 more than the first year at the rate of 8 p.c.p.a. with the compound interest?*
1️⃣ ₹20000
2️⃣ ₹25000
3️⃣ ₹16000
4️⃣ ₹80000
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Answer:
₹16000 is correct answer
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