Updated: Question in GMAT Compound Interest

A question in GMAT Compound Interest has been updated:

A money lender lends $2000 for six months at 20% p.a. rate. If the interest is reckoned quarterly, then find the amount given after time limit.

1. A. $2040
2. B. $2205
3. C. $2200
4. D. $2160
5. E. $2060