Top

Discussion

A bank offers 5% compound interest calculated on 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:

  • A.Rs. 120
  • B.Rs. 121
  • C.Rs. 122
  • D.Rs. 123

Answer: B

No answer description available for this question.

No comment is present. Be the first to comment.
Loading…

Post your comment