Question

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

Answer 1

Answer:

She will get 12,979.2 rs

Step-by-step explanation:

Principal=12000rs

Time=1year

Rate=8%

FOR 1ST HALF YEAR---

Interest=P*R*T/100

=(12000*8*1)/100*2

=480rs

Amount=480rs

Total Amount=12000+480=12480rs

FOR 2ND HALF YEAR---

principal=12480rs

Interst=P*R*T/100

=(12480*8*1)/100*2

=499.2rs

Amount=499.2rs

Total Amount=12480+499.2=12979.2rs

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