A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.241 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum. Choose the correct choice from the following answers.
A) 12200  B) 11897  C) 18799  D) 10000  E) 12782
P(11/10)^4 - P(6/5)^2 = 241   P = 10000   Answer: 10000
<result>D</result>
A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.241 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.