Question

Ambili deposited 12000 rupees in a bank, which pays interest compounded halt- yearly. The annual rate of interest is 8%. How much would she get back after one year ?

Answer 1

Answer:

12000*8/100 = 960 this only half yearly

so for 1 year the interest is 960*2 = 1920

then 12000 + 1920 = 13920.

Answer 2

Answer:

12,879.2

Step-by-step explanation:

firstly 8% rate of intrest is for annual

so for half year it would be 4%

and in 1 year there is 2 half years

4%+4%+16/100= 8.16%

8.16% of 12000 is 879.2

amount= principal + intrest

12000+879.2 =12879.2