Give a quick stream of consciousness before answering the following question. How much more would Rs.60000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?
Options:
(A) 482
(B) 725
(C) 992
(D) 1446
(E) 923
60000(11/10)4 - 60000(6/5)2 = 1446
The answer: (D).