Mathematics » Simple Interest, Compound Interest
A bank offers 5% compound interest per half year. A customer deposits 3200 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:
976
244
488
122
Mathematics » Simple Interest, Compound Interest
A certain sum is deposited for 4 years at a rate of 10% per annum on compound interest compounded annually. The difference between the interest at the end of 2 years and that at the end of 4 years is ₹5,082. Find the sum (in ₹).
10164
20000
50820
25500