Question

Sheela deposit 20000 in a bangle where is the interest is credited half yearly in the of the rate of interest paid by the bank 6% per annum what amount will she get after 1 years

Answer 1

ci=p(1+r/100)^n
=20000(1+3/100)^2. (interest credited yearly
=20000×103/100×103/!100
2×103×103=21218

Answer 2

Step-by-step explanation:

20000(1+3/100)^2

=20000×103/100×103/100

2×103×103=21218