A bank offers 5% compound interest calculated on half-yearly basis. A customer d

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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:

Answer: Option B

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Question 1. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per....per annum is Rs. 1. The sum (in Rs.) is:

Question 2. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after....of Rs. 12,000 after 3 years at the same rate?

Question 3. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:....

Question 4. What is the difference between the compound interests on Rs. 5000 for $$1\frac{1}{2}$$ years at 4% per annum compounded ....$$1\frac{1}{2}$$ years at 4% per annum compounded yearly and half-yearly?

Question 5. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?....

Question 6. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?....

Question 7. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is....at 20% compound interest will be more than doubled is:

Question 8. Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How muc....amount will Albert get on maturity of the fixed deposit?

Question 9. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:....

Question 10. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 ye....10% per annum. The sum placed on simple interest is:

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