MBA CDOE (USOL) Panjab University MBA Entrance Exam with MCQ Answers 2017

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33.

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is :

A: Rs. 120
B: Rs. 121
C: Rs. 126
D: Rs. 123

The answer is: B

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