A bank offers 20% compound interest per half year. A customer deposits – McqOptions

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1.	A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is
A.	Rs 9727
B.	Rs 2432
C.	Rs 4864
D.	Rs 1216
Answer» D. Rs 1216

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