ʀᴇᴋʜᴀ ᴏᴘᴇɴᴇᴅ ᴀ ʀᴇᴄᴜʀʀɪɴɢ ᴅᴇᴘᴏꜱɪᴛ ᴀᴄᴄᴏᴜɴᴛ ꜰᴏʀ 20 ᴍᴏɴᴛʜꜱ. ᴛʜᴇ ʀᴀᴛᴇ ᴏꜰ ɪɴᴛᴇʀᴇꜱᴛ ɪꜱ 9% ᴘᴇʀ ᴀɴɴᴜᴍ ᴀɴᴅ ʀᴇᴋʜᴀ ʀᴇᴄᴇɪᴠᴇꜱ 441 ᴀꜱ ɪɴᴛᴇʀᴇꜱᴛ ᴀᴛ ᴛʜᴇ ᴛɪᴍᴇ ᴏꜰ ᴍᴀᴛᴜʀɪᴛʏ. ꜰɪɴᴅ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ʀᴇᴋʜᴀ ᴅᴇᴘᴏꜱɪᴛᴇᴅ ᴇᴀᴄʜ ᴍᴏɴᴛʜ.
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Question:-
ʀᴇᴋʜᴀ ᴏᴘᴇɴᴇᴅ ᴀ ʀᴇᴄᴜʀʀɪɴɢ ᴅᴇᴘᴏꜱɪᴛ ᴀᴄᴄᴏᴜɴᴛ ꜰᴏʀ 20 ᴍᴏɴᴛʜꜱ. ᴛʜᴇ ʀᴀᴛᴇ ᴏꜰ ɪɴᴛᴇʀᴇꜱᴛ ɪꜱ 9% ᴘᴇʀ ᴀɴɴᴜᴍ ᴀɴᴅ ʀᴇᴋʜᴀ ʀᴇᴄᴇɪᴠᴇꜱ 441 ᴀꜱ ɪɴᴛᴇʀᴇꜱᴛ ᴀᴛ ᴛʜᴇ ᴛɪᴍᴇ ᴏꜰ ᴍᴀᴛᴜʀɪᴛʏ. ꜰɪɴᴅ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ʀᴇᴋʜᴀ ᴅᴇᴘᴏꜱɪᴛᴇᴅ ᴇᴀᴄʜ ᴍᴏɴᴛʜ.
Answer:-
Time = 20 months
Rate =9%
interest = 441
P=?
I=nP( Pn+1)R/2400
441=20xP( 20+1)g/2400
2400 X 441 = 20 x P x 21 x 9
➡2400 x 441 = 3780 p
P= 2400x441/3280=3780
Hope it's helps you☑!!
chowdarypravallika81:)
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