Question

013. How much should Sunita deposit at the beginning of every month in a bank paying 10% per
annum on a recurring deposit if she want to receive 6740 after 8 years?
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Answer 1

Step-by-step explanation:

Principal=?

Rate of interest=10%

Time=8 years

Amount=6740ruppes

$principal = 100 \times interest \div rate \: of \: interest \times time \\ principal = 100 \times interest \div 10 \times 8 \\ principal = 10 \times interest \div 8 \\ \\ amount = principal + interest \\ 6740 = 10i \div 8 +i \\ 6740 = 10i + 8i \div 8 \\ 6v740 = 18i \div 8 \\ 6740 \times 8 = 18i \\ 6740 \times 8 \div 18 = i \\ i = \: 2995.5ruppes \\ \\ principal = amount - interest \\ principal = 6740 - 2995.5 \\ principal = 3744.5 \: ruppes$

Hope it helps you

Answer 2

Answer:

done Dana done Dana done

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