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Q:

A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is –

  • 1
    Rs 9727
  • 2
    Rs 2432
  • 3
    Rs 4864
  • 4
    Rs 1216
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Answer : 3. "Rs 4864"

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