Question

Manoj deposited a sum of Rs 64000 in a post office for 3 years compounded annually at 15/2% per annum what amount will he get on maturity

Answer 1

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Answer 2

He will get Rs.79507 on maturity

Step-by-step explanation:

Principal = Rs.64000

Time = 3 years

Rate of interest =$\frac{15}{2} \% = \frac{15}{200}$

Amount =$P(1+r)^t$

Amount = $64000(1+\frac{15}{200})^3$

Amount =79507

Hence He will get Rs.79507 on maturity

#Learn more:

Manoj deposited Rs 15625 in a bank at 8% per annum compounded annually how much amount will he get after 3 years ​

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