Question

A man opens a recurring deposit scheme and deposits Rs 800 per

month for a period of two years. If the rate of interest is 9%p.a.,

find the amount payable at the end of 2 years?​

Answer 1

Answer:

P - 800

R - 9%

T - 2 years

S.I - P*R*T/ 100

800*9*2/100

142

S.I - Rs 142

Amount - P + S.I

800+142

Rs 942

Answer 2

Answer:

19,200 Rs

Step-by-step explanation:

per month = 800

one year there are 12 month

for 2 year there are 24 month

800 ×24 =19,200 rs

Answer =19,200 Rs