mike deposited a sum of ₹64000 in a post office for 1 and a half years, compounded semi annualy at 5% per annum. what amount will he get on maturity
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semi annually=5%
in 1 and half year=5+5+5×5/100=10.25
= 10.25+10.25+10.25×10.25/100
=21.75
100-----64000
121.75----64000×121.75/100
------------77920
in 1 and half year=5+5+5×5/100=10.25
= 10.25+10.25+10.25×10.25/100
=21.75
100-----64000
121.75----64000×121.75/100
------------77920
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