Question

3. Manoj deposited a sum of rupees 2500 in a post office for 2 years compounded annually at 10% per annum. What amount will he get on maturity.

Answer 1

Answer:

amount is 3025

Step-by-step explanation:

P{1+(r÷100)}²

=2500{1+(10÷100)}²

by solving this equation we will get

=3025 rupees

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Answer 2

Answer:

64000 x 7.5% = 4800

(64000 + 4800) x 7.5% = 68,800 x 7.5% = 5160

(68,800 + 5160) X 7.5% = 73960 x 7.5% = 5547

The amount he gets after 3 years: 64,000 + 4800 + 5160 + 5547 = Rs. 79,507*

Step-by-step explanation:

hope this example will help you