Saurav deposited * 64,000 in a bank for 3 years, compounded annually a – InterviewSolution

1.

Saurav deposited * 64,000 in a bank for 3 years, compounded annually at 71/2% p.a. What amount will he get after 3 years

Answer»

<P>hi

here is the answer

p = 64000

rate of interest = 15/2 % p.a.

time=3 yrs

amount = p (1+15/2 ÷ 100)raise to 3

ans = RS 79507

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