How much interest will taka 2,000 earn at an annual interest rate of 8% in one year if the interest is compounded every six month?

How much interest will taka 2,000 earn at an annual interest rate of 8% in one year if the interest is compounded every six month? Correct Answer 332.80

C = x ( 1 + r)n = 2000 ( 1 + . 08) 2 = 2332.80 interest = 2332.80 - 2000 = 332.80
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