Question

5. Sunita deposited Rs 20000 in a bank where the interest is credited half-yearly if the rate of interest paid by the
bank is 6% per annum, what amount will she get after 1 year?​

Answer 1

sunita deposited=20000

interest per annum =6%

I.e 6/100×20000=1200

so,1200×2=2400

primary deposit=20000

profit=20000+2400

=22400