A sum of money lent at compound interest for 2 years at 20 per annum would fetch Rs 482 more if the ...........

Quantitative Aptitude ( CCS) Compound Interest

A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually . The sum is

10000

20000

30000

40000

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Explanation:

Let sum=Rs.x
C.I. when compounded half yearly = [x(1+10/100)4−x]=4641/10000
C.I. when compounded annually =[x(20/100)2−x]=11/25
4641/10000x−11/25x=482
=> x=20000

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