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Question: A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Tk. 1600 each on 1st July of a year. At the end of the year, how much he would have gained as interest?
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Question: A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Tk. 1600 each on 1st July of a year. At the end of the year, how much he would have gained as interest?
Question 1: A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Tk. 1600 each on 1st July of a year. At the end of the year, how much he would have gained as interest?
View topic: শতকরা ও লাভ-ক্ষতি (Percentage and Profit and loss)
Tk 121
Tk 123
Tk 160
Tk 240
Source: Dutch-Bangla Bank Ltd - Probationary Officer - 21.12.2012
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Answer: Tk 121
Explanation:
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