A sum of money is invested at 20% compound interest (compounded annual – McqOptions

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1.	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
Answer» C. Rs.20,000

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