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Maya deposited Rs 20,000 for one year in fixed deposit with a bank. If the bank pays 8% interest per annum and the interest is compounded half yearly, what

amount will she get after one year?



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Amount = p* ( 1+ r/100) whole square
Amount = 20,000 * (1+4/100)whole square
Amount = 20,000×104/100×104/100
Amount =21,632
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