Mathematics · Compound Interest
A bank offers 1.1% compound interest per annum calculated on a half-yearly basis. A customer deposits ₹7,745 each on 1 January and 1 July of a year. At the end of the year, the amount he would have gained by way of interest is ________. (Rounded up to 2 decimal places.)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹121.87
- 2₹109.99
- 3₹131.93
- 4₹128.03✓
Correct answer
₹128.03
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