A bank offers 15% compound interest per half year. A customer deposits – McqOptions

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1.	A bank offers 15% compound interest per half year. A customer deposits Rs 7200 each on 1st January and 1st July of a year. At the end of the year, theÂ amount he would have gained by means of interest is
A.	Rs 6803
B.	Rs 850
C.	Rs 3402
D.	Rs 1701
Answer» D. Rs 1701

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