a bank pays 10% rate of interest. Interest being calculated half yearly. A sum of 400 deposited in the bank. The amount at the end of 1 year will be?
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Answer:
441
Step-by-step explanation:
interest half yearly will be 5%.
interest at the end of first half year = 400x5x1/100 = 20
principle for next half year will become 420 and the process is same for the next half year.
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