A Bank Offers 5% C.i. Calculated On Half-yearly Basis . A Customer De

1.	A Bank Offers 5% C.i. 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?
Answer» AMOUNT = [1600 * (1 + 5/(2 * 100)2 + 1600 * (1 + 5/(2 * 100)] = [1600 * 41/40(41/40 + 1) = [(1600 * 41 * 81)/(40 * 40)] = Rs. 3321. C.I. = 3321 - 3200 = Rs. 121. Amount = [1600 * (1 + 5/(2 * 100)2 + 1600 * (1 + 5/(2 * 100)] = [1600 * 41/40(41/40 + 1) = [(1600 * 41 * 81)/(40 * 40)] = Rs. 3321. C.I. = 3321 - 3200 = Rs. 121.

A Bank Offers 5% C.i. 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?

Answer»

AMOUNT = [1600 * (1 + 5/(2 * 100)2 + 1600 * (1 + 5/(2 * 100)]

= [1600 * 41/40(41/40 + 1)

= [(1600 * 41 * 81)/(40 * 40)] = Rs. 3321.

C.I. = 3321 - 3200 = Rs. 121.

Amount = [1600 * (1 + 5/(2 * 100)2 + 1600 * (1 + 5/(2 * 100)]

= [1600 * 41/40(41/40 + 1)

= [(1600 * 41 * 81)/(40 * 40)] = Rs. 3321.

C.I. = 3321 - 3200 = Rs. 121.