Question

Sangeetha investes rs.20000 at 8% per annum.if the interest is compounded half yearly,then the total interest earned by sangeetha at the end of the year is

Answer 1

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Step-by-step explanation:

Here. Principal (p)= Rs 20000

Rate of interest =r =8% per annum

Time =1 year

Half yearly interest =r/2

Number of times interest paid =2

Compound interest = p[1+(r/2)/100]^2n

=20000[1+(8/2)/100]^2*1

=20000[1+4/100]^2

=20000[104/100]^2

=20000*104/100*104/100

=2*104*104

=Rs1632

Answer 2

Answer:

Answer is rupees 1632..

Step-by-step explanation:

Hope it helps