Question

1. (a) Mr Das deposits 300 per month in a recurring deposit account for 2 years at a simple interest
rate of 7% per annum.
(i) Find the maturity value of the deposit.
(ii) Find the total interest he will earn after 2 years.​

Answer 1

Answer:

i) Rs 19200

ii)Rs 42

Step-by-step explanation:

i) V = P*(1+r)^n

= 300*(1+7)^2

= 19200

ii) I = (PNR)/100

= (300*2*7)/100

= 42

Answer 2

Answer:

hope it's help you This is the answer