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Q:

A bank pays half-yearly compound interest at the rate of 5% p.a. . A person deposited Rs 1600 on January 1 and a similar amount on July 1 . Explain how much interest will be paid by the bank at the end of the year.

  • 1
    168
  • 2
    242
  • 3
    115
  • 4
    121
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Answer : 4. "121"

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