Mathematics · Compound Interest
A bank offers a 9.9% annual compound interest rate, calculated semi-annually. A customer deposits ₹ 9,015 on January 1 of a given year and another ₹ 9,015 on July 1 of the same year. How much total interest will he receive at the end of the year? [Round your answer to two decimal places.]
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 1,360.82✓
- 2₹ 1,380.81
- 3₹ 1,378.11
- 4₹ 1,365.92
Correct answer
₹ 1,360.82
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