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Gurpreet singh

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· 1 Months ago

thank you top rankers. haters will always be there.

Question:

A bank offers 5% compound interest calculated half yearly basis. A customer deposits Rs.1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is –

Options:
A)

Rs.120

B)

Rs.121

C)

Rs.122

D)

Rs.123

Solution:

Ans: (b)

  

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