Home
Class 14
MATHS
A sum of money lent at compound inter...

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. The sum is: (a) Rs 10,000 (b) Rs 20,000 (c) Rs 40,000 (d) Rs 50,000

A

Rs. 30,000

B

Rs. 40,000

C

Rs. 10,000

D

Rs. 20,000

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Similar Questions

Explore conceptually related problems

A sum of money lent at compound interest for 2 yr at 20% pa would fetch X 964 more, if the interest was payable half-yearly than if it was payable annually. What is the sum ?

The sum of money which when given on compound interest at 18% per annum would fetch Rs 960 more when the interest is payable half yearly than when it was payable annually for 2 years is (a) Rs 60,000 (b) Rs 30,000 (c) Rs 40,000 (d) Rs 50,000

A sum of money is lent out at compound interest rate of 20 % per annum for 2 years. It would fetch Rs 482 more if interest is compounded half-yearly. Find the sum. Solution: Suppose the sum is Rs P.

Find the compound interest on Rs 10,000 in 2 years at 4% per annum,the interest being compounded half yearly.

The compound interest on Rs. 10,000 in 2 years at 4% per annum the interest being compounded half yearly, is :

Find the compound interest on Rs 48,000 for one year at 8% per annum when compounded half yearly.