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A sum of money is lent at 20% per annum compounded half-yearly. If it amounts to ₹14,520 after one year, the sum lent is
- A₹10,000
- B₹12,000
- C₹11,000
- D₹13,000
Correct answer: B
A sum of money is lent at 20% per annum compounded half-yearly. If it amounts to ₹14,520 after one year, the sum lent is