A bank offers a rate of interest of 16% per annum, compounded semi-annually. What will be the approximate interest generated on an amount of Rs. 10,000 kept for 2 years? A.B. C. D. - Study24x7
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Harsh Vardhan Singh
01 Jan 1970 05:30 AM study24x7 study24x7

A bank offers a rate of interest of 16% per annum, compounded semi-annually. What will be the approximate interest generated on an amount of Rs. 10,000 kept for 2 years? A.B. C. D.

A

Rs. 3,600

B

Rs. 3,605

C

Rs. 3,610

D

Rs. 3,620

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