A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually . The sum is
A. 40000
B. 10000
C. 50000
D. 20000
Answer:D
A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually . The sum is
A. 40000 B. 10000 C. 50000 D. 20000