Aptitude - Compound Interest - Discussion

You Are Here :: Home > Arithmetical Ability > Compound Interest - Discussion

 
Q.

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:  .                          
A. Rs. 120 B. Rs. 121
C. Rs. 122 D. Rs. 123

Answer: Option B
Explaination:

 


Discussion

Your Comments Goes here...
NameDiscussion