Math, asked by sangpthdr5112, 11 months ago

A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is

A) Rs 9727 B) Rs 2432 C) Rs 4864 D) Rs 1216

Answers

Answered by Anonymous
2

Answer:

Rs 4864

Step-by-step explanation:

interest earned in first 6 months = [20/100]x 7600 = ₹ 1520

principal for next 6 months = 7600 + 1520 + 7600 = ₹ 16720

interest earned in next 6 months = 20/100 x ₹ 16720 = ₹ 3344

total interest = ₹ 1520 +  ₹ 3344  = ₹ 4864

hope it helps ....

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