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Posted By: nemo       Member Level: Diamond       Posted Date: 23 Jun 2007       Category: Aptitude Test

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 :

Select Answer:

Rs. 120
Rs. 121
Rs. 122
Rs. 123




      
Your Test Score: 0 / 0



Next Question: There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
Previous Question: If the compound interest on a sum for 2 years at 12½% per annum is Rs. 510, the simple interest on the same sum at the same rate for the same period of time is :
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