a Bank offers 6% compound interest calculated on half yearly Basis. a

1.	a Bank offers 6% compound interest calculated on half yearly Basis. a Customer deposited rs 20000 each on 1st Jan and 1st July in a year. what amount he would have gained through interest by the end of the year.
Answer» ong>Step-by-step explanation: 2nd Aproach calculate Ci of 20000 for 1 year at half yearly . you get = 21218 interest = 1218. ( 1 ) now calculate Ci of 20000 for 6 months at half yearly. you get = 20600 interest= 600. ( 2 ) Add eq 1&2 total EARNING= 1218+600= 1818

a Bank offers 6% compound interest calculated on half yearly Basis. a Customer deposited rs 20000 each on 1st Jan and 1st July in a year. what amount he would have gained through interest by the end of the year.

Answer»

ong>Step-by-step explanation:

2nd Aproach
calculate Ci of 20000 for 1 year at half yearly .

you get = 21218

interest = 1218. ( 1 )

now calculate Ci of 20000 for 6 months at half yearly.
you get = 20600
interest= 600. ( 2 )
Add eq 1&2
total EARNING= 1218+600= 1818

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a Bank offers 6% compound interest calculated on half yearly Basis. a Customer deposited rs 20000 each on 1st Jan and 1st July in a year. what amount he would have gained through interest by the end of the year.​

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a Bank offers 6% compound interest calculated on half yearly Basis. a Customer deposited rs 20000 each on 1st Jan and 1st July in a year. what amount he would have gained through interest by the end of the year.