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Question: A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Tk. 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 :
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Question: A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Tk. 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 :
Question 1: A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Tk. 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 :
View topic: শতকরা ও লাভ-ক্ষতি (Percentage and Profit and loss)
Tk. 120
Tk. 123
Tk. 122
Tk. 121
Source: Janata Bank Ltd - Executive Officer - 27.7.2012
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Answer: Tk. 120
Explanation:
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