How much interest will Tk. 2000 earn in one year at an annual rate of 8% if the interest is compounded every six months?

How much interest will Tk. 2000 earn in one year at an annual rate of 8% if the interest is compounded every six months? ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

Tk. 160

Tk. 163.20

Tk. 249.73

Tk. 332.80

0 1

Best Answer Explained in Below-:

আমরা জানি, Compound amount, C = PP(1 + πm)n×m = 2000(1 + 0.082)1×2 = 2000(1 + 0.04)2 = 2000×1.0816 = 2163.20 so Interest = C - P = (2163.20 - 2000) = 163.20 টাকা।

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How much interest will Tk. 2000 earn in one year at an annual rate of 8% if the interest is compounded every six months? ?

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