A sum of money was lent at 10% per annum, compounded annually, for 2 y – McqOptions

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1.	A sum of money was lent at 10% per annum, compounded annually, for 2 years. If the interest was compounded half - yearly, he would have received Rs.660.75 more. Find the sum.
A.	120000
B.	124000
C.	104400
D.	150000
Answer» D. 150000

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