A sum of money lent at compound interest for 2 yr at 20 % pa would fet – McqOptions

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1.	A sum of money lent at compound interest for 2 yr at 20 % pa would fetch 964 more, if the interest was payable half-yearly than if it was payable annually. What is the sum ?
A.	40000
B.	60000
C.	90000
D.	500000
Answer» B. 60000

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