Mathematics · Compound Interest
A bank offers 9.5% compound interest per annum calculated on a half-yearly basis. A customer deposits ₹2,481 each on 1st January and 1st July of a year. At the end of the year, what total interest amount (in ₹) would he have gained? (Round off to 2 decimal places)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹368.11
- 2₹359.14✓
- 3₹366.06
- 4₹358.33
Correct answer
₹359.14
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