BANK IBPS RRB Clerk 2025 Mock Test Series (Pre + Mains) Quantitative Aptitude Interest Compound Interest
Akshay offers 5% p.a compound interest, compounded half-yearly basis. Rama 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:
1
Rs. 121
2
Rs. 221
3
Rs. 332
4
Rs. 321
5
Rs. 568