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

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1.	A sum of money is invested at 20 % compound interest (compounded annually). It would fetch 723 more if interest is compound half-yearly. The sum is
A.	20,000
B.	7,500
C.	72,300
D.	30,000
Answer» D. 30,000

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