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A principal sum of money is lent out at ...

A principal sum of money is lent out at compound interest compounded annually at the rate of 20% per annum for 2 years. It would give ₹ 2410 more if the interest is compounded half yearly. Find the principal sum.

A

₹ `100000`

B

₹ `20000`

C

₹ `10000`

D

₹ `110000`

Text Solution

Verified by Experts

The correct Answer is:
A
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