Question

1. Calculate the maturity value of a recurring
deposit account of:
(i) 180 per month for 15 years at the rate
of 9.50% p.a.

(ii) 830 per month for 5 years at the rate
of 7.50% p.a.​

Answer 1

Answer:

M = Maturity value of the RD.

R = Monthly RD installment to be paid.

n = Number of quarters (tenure)

i = Rate of Interest / 400.

Answer 2

sorry idk

sorry i don't know sorry