Mamta deposit 20,000 at 8% per annum for 1 year In a brunch of State Bank of India if the interest is calculated half yearly, what amount will she get after 1 year
If anyone knows plz help and answer is 21,632
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Step-by-step explanation:
r=8/2=4%
first half interest= 4%of20000=800
so 20000+800=20800
second half interest=4%of20800=832
total amount=20800+832=21632
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