A bank offers 20% compound interest calculated on half year basis. A c – McqOptions

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1.	A bank offers 20% compound interest calculated on half year basis. A customer deposits Rs 9200 each on 1st January and 1st July of a year. At the endÂ of the year, the amount he would have gained by way of interest is
A.	Rs 11776
B.	Rs 2944
C.	Rs 1472
D.	Rs 5888
Answer» E.

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