Question (27/66)
Bank offers 5% compounded interest calculated on half-yearly basis. A customer deposits USD 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by the way of interest is ?(A) USD 118
(B) USD 119
(C) USD 120
(D) USD 121
Question (28/66)
Sam invested USD 15,000 at 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be ?(A) USD 16200.50
(B) USD 16325.50
(C) USD 16450.50
(D) USD 16537.50