Quantitative Aptitude Interest Compound Interest

A person deposited Rs. 8,000 in a term deposit for 1 and a half year, which gives half yearly compounded interest at a rate of 10% per annum. The compound interest will be:

1

Rs. 1,020.00

2

Rs. 1,261.00

3

Rs. 1,250.00

4

Rs. 1,040.00

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