Question

a bank offer 5% compound on half yearly basis.A customer deposit Rs 1600 each on 1st January and 1st july of the year. At the end of year amount he would have gained by way of interest is?​

Answer 1

Answer:

244

Step-by-step explanation:

for first 6 month interest is 5%of 1600 =80

for next six month deposit would be 3200+80=3280

intrest of 3280=164 so total should be 164+ 80 =244