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    Question

    A sum of money invested on compound interest for 2 years

    at 20% interest per annum would fetch RS 482 more as interest if the interest is compounded half-yearly than yearly. What is the sum invested?
    A RS 24,100 Correct Answer Incorrect Answer
    B RS 22,210 Correct Answer Incorrect Answer
    C RS 20,000 Correct Answer Incorrect Answer
    D RS 19,120 Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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