Question
A Bank came up with an interesting investment plan under which it would offer 6% interest compounded half-yearly. Mr. 'X' deposited ₹ 80000 once at the beginning of the year and once more in the middle of the year under this scheme. How much interest would he have earned at the end of the year?
More Compound Interest Questions
- A sum amounts to Rs. 17,280 in 2 years at 20% per annum compound interest, compounded annually. Find the principal.
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- The compound interest on a certain sum, compounded half-yearly at an annual rate of 20% for one year, is Rs. 540 less than the simple interest on the same ...
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