Lemma
MediumMoney & interest
AQuA-RAT train #96449 · Arithmetic · Money & interest

A bank offers 5% compound interest calculated on half-yearly basis

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits $ 1600 each in 1st month and 7th month of a year. At the end of the year, the amount he would have gained by way of interest is?

~8 minAnswer checked instantly

AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #96449

Stuck? A gentle nudge

No hints for this one.

Something off?
Workspace
Your answer

Checked against the answer in AQuA-RAT.