Question

Sangeeta, invested rs.20,000 at 8 % per annual . If the interest is compounded half yearly , then total interest earned by sangeeta, at the end of the year is

Answer 1

Answer:

1632

R=8/2=4%(half yearly)

P=20000

1st yr 2nd yr

4%of20000=800 4%of20000+800

=832

Total interest =1632