A sum of money is lent out at compound intersect for two years at 20% – InterviewSolution

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1.	A sum of money is lent out at compound intersect for two years at 20% per annum. Compound intersect being reckoned yearly. If the same sum of money was lent out at compound interest at the same rate percent per annum, compound intersect being reckoned healf-yealry, it would have fetched Rs 482 more by way of interest in two years. Calcualte the sum of money lent out.
Answer» ANSWER :RS 20,000

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