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A sum of money is invested at 20% comp...

A sum of money is invested at `20%` compound interest (compounded annually). It would fetch `Rs. 723` more in 2 years if interest is compounded half yearly. The sum is

A

Rs.15,000

B

Rs.30,000

C

Rs.20,000

D

Rs.7,500

Text Solution

Verified by Experts

The correct Answer is:
C
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