Mathematics · Compound Interest
A bank offers 6.8% compound interest per annum calculated on a half-yearly basis. A customer deposits ₹4,879 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 ________. [Give your answer correct to 2 decimal places.]
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1₹503.29✓
- 2₹521.27
- 3₹513.29
- 4₹524.58
Correct answer
₹503.29
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