The difference between the compound interest and simple interest at the ratio of 10% per annum at the end of two years is Rs. 496.20. If the compound interest is compounded every six months, what is the sum ?	Choose the correct choice from the following.
A) Rs. 24000	B) Rs. 30000	C) Rs. 32000	D) Rs. 36000	E) None of these
Explanation :   [x (1 + 5/100)4 - x] - (x x 10 x 2)/100 = 496.20   x (0.21550625 - 0.2) = 496.2   ∴ x = 496.20/0.01550625= 
<gadget id="calculator">496.20/0.01550625</gadget>
<output>32_000</output>
32000   Answer : Option Rs. 32000
<result>C</result>
The difference between the compound interest and simple interest at the ratio of 10% per annum at the end of two years is Rs. 496.20. If the compound interest is compounded every six months, what is the sum ?