The sum of money which when given on compound interest at 18% per annum would fe

Question

The sum of money which when given on compound interest at 18% per annum would fetch Rs 960 more when the interest is payable half-yearly then when it was payable annually for 2 years is = ?

Options:

A . Rs. 60000

B . Rs. 30000

C . Rs. 40000

D . Rs. 50000

Answer: Option D

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