Q:
      
      
         
            
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
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: B) 20000         
         
Explanation: Let sum=Rs.x
 
C.I. when compounded half yearly = 
 
C.I. when compounded annually =
 
 
=> x=20000
       
      
      
      
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