Mathematics · Percentages
A bank offers 5.6% compound interest per annum calculated on a half-yearly basis. A customer deposits ₹7,346 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 closest to: [Give your answer correct to 2 decimal places.]
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1626.14
- 2622.82✓
- 3616.68
- 4612.82
Correct answer
622.82
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