Condition 1 :- 12,000 × 8% × 7 ÷ 12 = 560 Workings :- = (12+10+8+6+4+2) ÷ 6 = 42 ÷ 6 = 7 Condition 2 :- 12,000 × 8% × 5 ÷ 12 = 400 Workings :- = (10+8+6+4+2+0) ÷ 6 = 30 ÷ 6 = 5

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If the interest is taken at the beginning of each 2 months then the answer will be 560 And if it taken at the end of each 2 months then the answer will be 400

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