[填空题]
Greg has saved 2000 Britiscyp+ gj3bo0ft 4/ynp7 h r;zcx(n8c q oq 63 jp,cy4b4m2ymmv7spounds (GBP) over the last six months. He decided to deposit his savings in a bank which offers a nominal annual interest rsq;pmq2n,my6cz 4bcv4y 7j 3xo (8mcrate of 8%, compounded 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≈ %.