A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

A. Rs.2205
B. Rs.2200
C. Rs.2160
D. Rs.2040
Explanation:
A = 2000(21/20)2 = 2205