Subject
Bank Exam
Topic
Janata Bank 2012 Executive Officer(EO)
A bank offers 5% compound interest calculated in half yearly basis. A customer deposits tk. 1600 each on 1stJanuary and 1stJuly of a year. At the end of a year, the amount he would have gained by way of interest is-
A bank offers 5% compound interest calculated in half yearly basis. A customer deposits tk. 1600 each on 1stJanuary and 1stJuly of a year. At the end of a year, the amount he would have gained by way of interest is-
ক)
tk 120খ)
tk 123গ)
tk 122ঘ)
tk 121Explanation
For the first half he gets, 1600(1+5/2*100)2 For the Secondf half he gets, 1600(1+5/2*100) So total Amount= 1600(1+5/200)2 + 1600(1+5/200) = 1600(1+5/200){(1+5/200) + 1} =1600(205/200)(405/200) =3321 Total Gained = (3321-3200) = 121Related questions
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