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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

Grade:12th pass

1 Answers

Pawan Prajapati
askIITians Faculty 60796 Points
3 months ago
Our expert is working on this Class VIII Maths answer. We will update the answer very soon.

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