A = 2000(21/20)2 = 2205
A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.
Options:
[1] Rs.2205
[2] Rs.2200
[3] Rs.2160
[4] Rs.2040
[5] Rs.2050