Question

4. Mrs Ramani has a three year recurring deposit
account in the State Bank. She deposits 600
per month. Calculate the amount she would
receive at the time of maturity if the rate of
interest is 9% p.a.
​

Answer 1

Answer:

I can answer

Step-by-step explanation:

such a nice question plz give this question 10 point is I'll anwer this

Answer 2

Answer:

Data

p=₹600

n=3years =3×12=36 months

r=9%p.a

M.V.=?

formula= M.V.=p×n+pn(n+1)×r/2400

sol= 600×36+600×36×37×9/2400

= 21600+299

=₹24597

:. Maturity value =₹24597

thankyou it's a easy formula