A sum of Rs.8000 is invested in a bank offering 20% annual interest rate, compounded half-yearly for one year. Find the total amount accumulated by the end of the year.
1
Rs.9800
2
Rs.9968
3
Rs.9600
4
Rs.10200
5
None of these
A sum of Rs.8000 is invested in a bank offering 20% annual interest rate, compounded half-yearly for one year. Find the total amount accumulated by the end of the year.