Question

3. Ms Singh has a recurring deposit account in a bank of 1,000 per month at the simple interest rate
of 10%
p.a.
She
gets * 41,550 at the time of maturity. Find the period after which she received the
maturity value.​

Answer 1

Answer:

405.5 months

Step-by-step explanation:

1000=principle

10%=rate of intrest

1 month=p×r×t/100

t=?

per month=1000×10×1/100

=100

p=1000

41550=s.I

41550-1000=40550

40550/100=405.5

period=405.5 months

Answer 2

Ms Singh has a recurring deposit account in a bank of 1,000 per month at the simple interest rate

of 10% p.a.She gets * 41,550 at the time of maturity. Find the period after which she received the

maturity value.

answer in step by step