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A bank offers compound interest per half year. A customer deposits each on and of a year. At the end of the year, the amount he would have gained by way of interest is:

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

The interest is compounded half-yearly at a rate of per half-year.For the deposit made on :This amount remains in the bank for two half-year periods.


For the deposit made on :This amount remains in the bank for one half-year period.


Total Interest Gained:

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A bank offers compound interest per half year. A customer deposits each on and of a year. At the end of the year, the amount he would have gained by way of interest is:
A
B
C
D

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