Tk. 500 is deposited in a savings account which pays 7% annual interest compounded semi-annually. To the nearest Taka, how much is in the account at the end of the year?

1. Tk. 500 is deposited in a savings account which pays 7% annual interest compounded semi-annually. To the nearest Taka, how much is in the account at the end of the year?

[Officer (Cash)-2018 [MCQ] : 2018]

1. 542

2. 536

3. 512

4. 524

Answer

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