Q: A bank offers 9.2% compound interest per annum calculated on a half-yearly basis. A customer deposits `2907 each on 1 January and 1 July of a year. At the end of the year, the amount he would have gained by way of interest is ........... [Give your answer correct to 2 decimal places.]
A.
`395.33
B.
`399.22
C.
`407.31
D.
`417.31
Correct Answer:
Option C -
Explanations:
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