Mathematics · Compound Interest
A bank offers 10% per annum compound interest calculated on a half-yearly basis. A customer deposits ₹3,60,000 each on 1st January and 1st July of a year. At the end of the year, find the amount he would have gained by way of interest.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹54,900✓
- 2₹3,75,600
- 3₹3,24,900
- 4₹4,33,800
Correct answer
₹54,900
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