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Kalpana deposited 20000 for one year in fixed deposit with State Bank of India. Ifthe bank pays 8% interest per annum and the interest is calculated half-yearly,what amount will she get after one year?12. |
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Answer» for 6 months it will be20,000*0.5*8/100= 800 it is the interest for 6 monthsnow 20,000+800= 20800 will be the amountnow interest = 20800*0.5*8/100= 832now total amount will be 20800+832= 21632 |
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