Question

What amount a person will get after 3 1by2 years at 6% per annum if he invested rupees 3.2 lakhs in a bank

Answer 1

$320000(1 + \frac{6}{100})^{3} \times (1 + \frac{ \frac{1}{2} \times 6}{100} ) \\ \\ 320000 ({1.06})^{3} \times 1.03 \\ \\ 320000 \times 1.191016 \times 1.03 \\ 320000 \times 1.22674648 \\ 392558.8736$