andeposited Rs. 200 per month for 36 months in a bank's recurring depo

1.	andeposited Rs. 200 per month for 36 months in a bank's recurring depositunt. If the bank pays interest ofthe rate of 11% per annum, find the amountgets on maturityAns. 8,421]
Answer» P=200₹n=36 monthsR=11%MV=Pn +Pn(n+1)/2400=20036 + 20036(37)11/2400=20036 + 33 * 37=7200+1221=8421₹ hit like if you find it useful the bank gave an interest of Rupes 500 on a deposit

andeposited Rs. 200 per month for 36 months in a bank's recurring depositunt. If the bank pays interest ofthe rate of 11% per annum, find the amountgets on maturityAns. 8,421]

Answer»

P=200₹n=36 monthsR=11%MV=Pn +Pn(n+1)/2400=200*36 + 200*36(37)*11/2400=200*36 + 33 * 37=7200+1221=8421₹

hit like if you find it useful

the bank gave an interest of Rupes 500 on a deposit