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 -
Explanations:
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