Math, asked by BRUHMANTRI, 20 days ago

Manoj Sir deposited a sum of 764000 for 3 years. compounded annualy at 7½% per annum. What amount will he get on maturity.​

Answers

Answered by reetusingh427
0

Answer:

Manoj Sir deposited a sum of 764000 for 3 years. compounded annualy at 7½% per annum. What amount will he get on maturity.

Answered by nathisanathisa2000
0

Answer:

Manoj sir will get Rs. 949,114.81

Step-by-step explanation:

Given,

Present value = Rs.764000

Interest rate = 7(1/2) % per annum

Time = 3 years

To find,

Maturity amount

Formula used,

(A) = P (1 + R/100)^n

Solution :

A = 764000 [ 1 + ( 15/2) (1/100)] ^ 3

A = 949114.81

Manoj sir will get an amount of Rs. 949114.81

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