Mathematics · Compound Interest
A bank offers 7.5% compound interest per annum calculated on a half-yearly basis. A customer deposits Rs. 3,600 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
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- 1₹410.06✓
- 2₹405.06
- 3₹415.06
- 4₹272.25
Correct answer
₹410.06
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