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. What is the sum?

A sum of money lent at compound interest for 2 years at 20% per annum

1.	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. What is the sum?
A.	Rs. 24000
B.	Rs. 20000
C.	Rs. 23000
D.	Rs. 22000
Answer» C. Rs. 23000

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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. What is the sum?

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