A sum of money lent at compound interest for 2 years at 20% per annum would…
2025
A sum of money lent at compound interest for 2 years at 20% per annum would fetch ₹482 more if the interest was payable half yearly than if it was payable annually. Find the sum of money lent.
Answer: D. ₹20,000
- A.
₹15,000
- B.
₹13,000
- C.
₹18,000
- D.
₹20,000
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Correct answer: D
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