A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.1446 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.
Select the correct option
A) 32200  B) 41897  C) 58799  D) 60000  E) 62782
P(11/10)^4 - P(6/5)^2 = 1446   P = 60000   Answer: 60000
<result>D</result>
A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.1446 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.