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Manoj deposited a sum of ₹64000 …

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Manoj deposited a sum of ₹64000 in a post office for 3 years, compounded annually at 8 percent per annum . What amount will he get on maturity

Posted by Kanchan Kumari 5 years, 5 months ago

CBSE > Class 08 > Mathematics

1 answers

Yogita Ingle 5 years, 5 months ago

Principal = Rs.64000

Time = 3 years

Rate of interest = 15/2 %

No. of compounds per year , n = 1

Hence he will get Rs.79507 on maturity

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