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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

A. 30000

B

B. 20000

C

C. 10000

D

D.50000

Text Solution

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The correct Answer is:
x = 2
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