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22-02-2024
Mathematics

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A bank offers 5% C.I. calculated on a half-yearly basis. A customer 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

a. Rs. 120
b. Rs. 121
c. Rs. 122
d. Rs. 123

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