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An amount was lent for one year at the r...

An amount was lent for one year at the rate of `18%` per annum compounding annually. Had the compounding been done half yearly, the interest would have increased by 324. What was the amount (in Rs.) lent?

A

32000

B

36000

C

40000

D

72000

Text Solution

Verified by Experts

The correct Answer is:
C
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