Register

Mike deposited a sum of rs 64000 in a post office for 4 years, compound annually at 4% per annum. What amount will he get on maturity

Mike deposited a sum of rs 64000 in a post office for 4 years, compound annually at 4% per annum. What amount will he get on maturity
37.7k views
1 vote
mike deposited a sum of rs 64000 in a post office for 4 years, compound annually at 4% per annum. What amount will he get on maturity

User Atan
by
7.7k points

1 Answer

4 votes

Answer:

79507

Explanation:

because 64000(1+15/200)^3= 79507

User Ted Avery
by
8.6k points
← Prev Question Next Question →

Related questions

User Danyal
asked Jun 23, 2024 104k views
Find the amount and the compound interest on? 64000 for 12 compounded half-yearly. years at 15% per annum,
Danyal asked Jun 23, 2024
by Danyal
8.1k points
1 answer
5 votes
104k views
User Garzahd
asked Feb 21, 2021 85.1k views
In what time will 64000 amount to 68921 at a rate of 5 % per annum comp half yearly
Garzahd asked Feb 21, 2021
by Garzahd
8.1k points
2 answers
0 votes
85.1k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!