A bank pays half-yearly compound interest at the rate of 5% p.a. . A p – McqOptions

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1.	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.
A.	168
B.	242
C.	115
D.	121
Answer» E.

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