a man deposited 500 rupees per month for 6 month and received 3300 as MV find interest earned
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Step-by-step explanation:
Rs. 300 by TANDAN SHARMA
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Given : a man deposited 500 rupees per month for 6 month and received 3300 as MV
To find : interest earned
Solution:
Man deposited every month = Rs 500
=> Man deposited in 6 months = 6 x 500 = Rs 3000
MV = Maturity Value = 3300
Maturity value = Amount deposited + Interest earned
=> 3300 = 3000 + Interest earned
=> Interest earned = 300
Hence interest earned is Rs 300
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