A bank offers 5% inerest compounded half yearly. A customer deposits Tk. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by the way of interest is

1. A bank offers 5% inerest compounded half yearly. A customer deposits Tk. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by the way of interest is

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

1. Tk. 121

2. Tk. 122

3. Tk. 123

4. Tk. 124

Answer

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