Question

manoj deposited a sum of rupees 64000 in a post office for 3years compounded annually at 7 1by 2 % per annum what amount will he get on maturity​

Answer 1

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*

(subject to TDS if any).