A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.
A. Rs.4000
B. Rs.1000
C. Rs.1250
D. Rs.2000
Explanation:
P(11/10)4 – P(6/5)2 = 482
P = 2000