A bank offers 20% compound interest calculated on half year basis. A customer deposits Rs 9200 each on 1st January and 1st July of a year. At the endof the year, the amount he would have gained by way of interest is

A bank offers 20% compound interest calculated on half year basis. A customer deposits Rs 9200 each on 1st January and 1st July of a year. At the endof the year, the amount he would have gained by way of interest is Correct Answer Rs 5888

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