16. Mr Motasha opens a recurring deposit
account of 600 per month at 12% p.a. If he
is paid 7668 as maturity amount, how many
instalments does he need to pay?
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P×n(n+1) ×r =MV
______ ___
2×12 100
=600×n(n+1)×12 =7668
______ ___
2×12. 100
=6n(n+1)=7668×2
=6n² + 6n - 15336 = 0
=
=solve it by factorization
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______ ___
2×12 100
=600×n(n+1)×12 =7668
______ ___
2×12. 100
=6n(n+1)=7668×2
=6n² + 6n - 15336 = 0
=
=solve it by factorization
Hope this helps u to understand..
Plzz follow me..
If you follow me I will clarify ur doubts very fast as my level best.
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