A bank offers 5 % C. I. calculated on half-yearly basis . A customer deposits ₹ 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. ₹ 120
B. ₹ 121
C. ₹ 122
D. ₹ 123
Answer:B
A bank offers 5 % C. I. calculated on half-yearly basis . A customer deposits ₹ 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. ₹ 120 B. ₹ 121 C. ₹ 122 D. ₹ 123