A bank offers 8-A- -220-20-B- -221-60-C- -122-50-D- -243-20

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Standard VIII

Mathematics

Calculating CI

A bank offers...

Question

A bank offers 8% compound interest calculated on half yearly basis. A customer deposits rupees 2,000 each on 1st January and 1st July of the year. At the end of year the amount he would have gained as interest, is A. ₹220.20 B. ₹221.60 C. ₹122.50 D. ₹243.20

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