How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. c

Question

How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

Options:

A . Rs.482

B . Rs.424

C . Rs.842

D . Rs.512

Answer: Option A

20000(11/10)⁴
- 20000(6/5)² = 482

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