Quantitative Aptitude
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Simple Interest & Compound Interest
Question
12 out of 30
A bank offers 5% compound interest calculated on halfyearly 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 
E  None of these

Ans. B
CI = 3321 – 3200 = 121
Simple Interest & Compound Interest Flashcard List
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