Math, asked by debadyutidey4, 9 months ago

1.Ravi has a cumulative bank account and deposits Rs600 per monthbfor a period of 4

years.If he gets Rs5880 as interest at the time of maturity,find the rate of interest.

Answers

Answered by biligiri

Answer:

given P = 600 , n = 48, I = 5880

to find MV and r

I = P × n(n+1)×r/2×12×100

I = (600 * 48*49*r)/2400

5880 = (600*48*49*r)/2400

=> 2400*5880 = 600*48*49*r

=> r = (2400*5880)/600*48*49

=> r = 10%

MV = p×n + I

MV = 600*48 + 5880

MV = 28800 + 5880

MV = Rs 34,680

Answered by Anonymous

$<body bgcolor=black><marquee direction="up">$

Given,

P=600

n=48

l=5880

Find: MV=? , r=?

l=P×n(n+1)×r/2×12×100

5880=600×48(48+1)×r/2400

5880×2400=600×48×49×r

14112000=1411200×r

r=14112000/1411200

r=10%

MV=P×n×l

=600×48+5880

=28800+5880

MV=₹34680

MV=Rs. 34,680

$<body bgcolor=blacl><marquee direction="down">$

ŠüJäŁ ĐôÑgaŘè ✌

PLZ MAKE ME BRAINLIST ANSWER

Previous Question

Next Question