Question

Kanika deposit 20,000 for 1 year fixed deposit with State Bank of India if the bank pays 8% interest per annum and the interest is calculated half yearly what amount will win calculated half - yearly what you amount will get after one year ?

Answer 1

ptr/100

(20000×1/2×8)/100

80000/100

I=800

A=Principal+ Interest

=20000+800

=20800