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Posted By: nazikha       Member Level: Gold       Posted Date: 28 Sep 2008       Category: Aptitude Test

A bank offers 5% compound interest calculated on half-yearly basis.A customer deposits Rs.1600 each on 1st january and the 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: Sam invested Rs.15,000 @ 10% per annum for one year .If the interest is compounded half-yearly ,then the amount received by SAM at the end of the year will be?
Previous Question: What is the difference between the compound interests on Rs.5000 for 1(1/2) years at 4% per annum compounded yearly and half-yearly?
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