A bank gives 6.8% annual compound interest, compounded half-yearly. A customer deposits ₹3,485 on 1 January and ₹3,485 on 1 July of a year. At the end of the year, how much will he receive as interest? (Rounded off to two decimal places)
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) ₹376.50
- (B) ₹348.50
- (C) ₹352.50
- (D) ₹359.50
Verified Answer
Option (D): ₹359.50
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