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Q: A sum of money lent at compound interest for 2 years at 20% per annum would fetch ` 480 more if the interest was payable half yearly than if it was payable annually. Find the sum of money lent.
  • A. ` 15,000
  • B. ` 13,000
  • C. ` 18,000
  • D. ` 20,000
Correct Answer: Option D -
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Explanations:

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