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 = ?

Options:

A . Rs. 120

B . Rs. 121

C . Rs. 122

D . Rs. 123

Answer: Option B

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Question 7. The difference between simple interest ans compound interest on Rs. P at R% p.a in 2 years is = ?....

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