[填空题]
Greg has saved 2000 British pounds (GBP) over the last six mt/7p+ih;-wpogaii a. onths. He soq s1v ;0-0 xu34r.gojcy5w c.nuwbtdecided to deposit his savings in a bank which offers a nominal annual interest rate of 8%, compo0;4sx1c.wq-nsvyo btu. u cgwr j5 30ounded monthly, for two years.
1.Calculate the total amount of interest Greg would earn over the two years. Give your answer correct to two decimal places.
Hence, using the compound interest formula, we get GBP; Hence the total amount of interest earned is GBP.
Greg would earn the same amount of interest, compounded semi-annually, for two years if he deposits his savings in a second bank.
2.Calculate the nominal annual interest rate the second bank offers.
Hence, using the compound interest formula, we obtain r≈ %.