A sum of money is put out at compound interest for 2 years at 20%. It would earn Rs.482 more if the interest were paid half-yearly. Calculate the sum.
Choose the correct option.
A) 2878
B) 279
C) 279
D) 482
E) 661
P(11/10)4 - P(6/5)2 = 482   P = 2000   Answer: 482
<result>D</result>
A sum of money is put out at compound interest for 2 years at 20%. It would earn Rs.482 more if the interest were paid half-yearly. Calculate the sum.