Question

Mamta deposited Rs 20000 at 8% per annum for 1 year in a branch of the State Bank of India if the interest is calculated half-yearly what amount will she get after 1 years

Answer 1

Answer:

on simple interest :

principle--20,000

rate--8%

time--1×2{1year is =2half years}

Interest=prt/100.

20,000×8×2/100=3,200

so amount will be interest+principle

=3,200+20000=23,200

so the answer is 23,200

Answer 2

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