biswa planned to deposit Rs. 20,000 each on 1st January and 1st July o

1.	biswa planned to deposit Rs. 20,000 each on 1st January and 1st July of that same year. if the bank offers 6% compound interest calculated on half -yearly basis. what amount he would have earned through interest by the end of year?
Answer» ong>Answer Biswa planed to deposited rs. 20000 on 1ST JANUARY and 2nd july of that same YEAR . Then total is 40000 Bank offers 6% 400 * 6 = 2400 40000 + 2400 = 42400 get on half year . by the end of year biswa get = 42400 + 42400 = 84800

biswa planned to deposit Rs. 20,000 each on 1st January and 1st July of that same year. if the bank offers 6% compound interest calculated on half -yearly basis. what amount he would have earned through interest by the end of year?

Answer»

ong>Answer

Biswa planed to deposited rs. 20000 on 1ST JANUARY and 2nd july of that same YEAR .

Then total is 40000

Bank offers 6%

400 * 6 = 2400

40000 + 2400 = 42400 get on half year .

by the end of year biswa get =

42400 + 42400

= 84800