MANOJ DEPOSITED A SUM OF ₹64000 IN A POST OFFICE FOR 3 YEARS , COMPOUNDED ANNUALLY AT 15/2% PER ANNUM . FIND THE COMPOUND INTREST HE GETS
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Answers
Answered by
0
Answer:
Principal = Rs.64000
Time = 3 years
Rate of interest = 15/2 %
No. of compounds per year , n = 1
Amount =P(1+\frac{r}{n})^{nt}Amount=P(1+
n
r
)
nt
Amount =64000(1+\frac{15}{200})^{3}Amount=64000(1+
200
15
)
3
Amount =79507Amount=79507
Hence he will get Rs.79507 on maturity
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Answered by
0
Answer:
17576Rs
Step-by-step explanation:
64000(1+15/2/100)*3=64000×65/100×65/100×65/100
=Rs17576
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