A bank offers 9.2% annual compound interest calculated on a half-yearly basis. A customer deposits ₹5449 each on 1 January and 1 July of a specified year. How much will he receive as interest at the end of the year? (Rounded off to the nearest paise.)
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) ₹749.52
- (B) ₹755.50
- (C) ₹763.49
- (D) ₹759.40
Verified Answer
Option (C): ₹763.49
Practice complete mock tests for SSC, Banking & Railway exams at https://testx.in/questions/01a0bf93-4515-7886-9c5a-981cda9837b0/a-bank-offers-92-annual-compound