A bank offers 5% compound interest calculated on half-yearly basis. A customer deoposits INR 1600/- each on 1st January and 1st July of a year. At the end of a year, the amount he would have gained by way of interest is how much ?->(Show Answer!)

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A bank offers 5% compound interest calculated on half-yearly basis. A customer deoposits INR 1600/- each on 1st January and 1st July of a year. At the end of a year, the amount he would have gained by way of interest is how much ?->(Show Answer!)

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1. A bank offers 5% compound interest calculated on half-yearly basis. A customer deoposits INR 1600/- each on 1st January and 1st July of a year. At the end of a year, the amount he would have gained by way of interest is how much

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