A bank offers 5% compound interest calculated on a half-yearly basis. A customer deposits Rs.16000 each on1stJanuary and 1st July of a year. At the end of the year, the amount he would have gained by the way of interest is-
A.Rs.1200
B.Rs.1210
C.Rs.1220
D.Rs.1230
A bank offers 5% compound interest calculated on a half-yearly basis. A customer deposits Rs.16000 each on1stJanuary and 1st July of a year. At the end of the year, the amount he would have gained by the way of interest is-
A.Rs.1200
B.Rs.1210
C.Rs.1220
D.Rs.1230
Harshit Singh , 3 Years ago
Grade 12th pass
