Question

A bank offers 8% compound interest calculated on
half-yearly basis. A customer deposits 2000 each on
1st January and 1st July of a year. At the end of the
year, the amount he would have gained as interest,​

Answer 1

Answer:

1 + (5/(2 x 100)

= 1 + (5/200)

= 1 + (1/40)

= (40 + 1)/40

= 41/40

Next step (41/40)^2

= 41/40 x 41/40

...

Hope you understand. Have a nice day!

Answer 2

Answer:

rs 243.2 is the correct answer

please batayo sahi answer kaub sa hai