Question

bank offers 8% compound interest calculated on half yearly basis a customer deposits rupees 2018 on 1st January and 1st July of the end of the year the amount he would have gained as interest test



please answer fast...!!!​

Answer 1

Answer:

Amount

= Rs. 1600 x 1 + 5 2 + 1600 x 1 + 5

2 x 100 2 x 100

= Rs. 1600 x 41 x 41 + 1600 x 41

40 40 40

= Rs. 1600 x 41 41 + 1

40 40

= Rs. 1600 x 41 x 81

40 x 40

= Rs. 3321.

C.I. = Rs. (3321 - 3200) = Rs. 121