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1. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Tk. 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 :
- A. Tk. 120
- B. Tk. 120
- C. Tk. 120
- D. Tk. 120
Answer: Option A
Explanation:
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