Question

A person took a loan of Rs 1500 from an investor for at 20% p.a. on compound interest for 2 years. But he paid only 80% of amount after 2 years. And investor put some penalty on remaining amount. He paid Rs 520 with penalty amount after some time. Hence, find the value of penalty amount?

A Rs. 88
B Rs. 81
C Rs. 82
D Rs. 83
E Rs. 84
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