A certain sum of money if compounded half-yearly gives Rs. 964 more than the amount the same sum would give if compounded annually for 2 years. If the rate of interest is 20%, find the sum.
1
50000
2
40000
3
60000
4
55000
5
36000
A certain sum of money if compounded half-yearly gives Rs. 964 more than the amount the same sum would give if compounded annually for 2 years. If the rate of interest is 20%, find the sum.