If a person lends a certain amount at an interest, compounded annually, for 2 years at a rate of 20% p.a. instead of 25% p.a., then the interest payable will be less by:

If a person lends a certain amount at an interest, compounded annually

1.	If a person lends a certain amount at an interest, compounded annually, for 2 years at a rate of 20% p.a. instead of 25% p.a., then the interest payable will be less by:
A.	24%
B.	12.25%
C.	19.25%
D.	4.7%
E.	21.77%
Answer» F.

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If a person lends a certain amount at an interest, compounded annually, for 2 years at a rate of 20% p.a. instead of 25% p.a., then the interest payable will be less by:

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