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Sangeeta invested rs 20000 at 8% per anum. If the interest is compounded half yearly, then total interest earned by sangeeta at the end of the year is:

πŸ—“ Oct 4, 2024

Answer is "1600"

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Anonymous 🌐 Karnataka
Answer is 1632
use the formula = A = P(1+r/n)^t*n
where A is Total amount
P is principal amount
r is rate of interest
n= is frequency or no. of times the interest is compounded annually
t = time tenure
Interest = A - P
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Anonymous 🌐 India
the answer is 1632
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