A person saves Rs 500 per month, which he lodges in his bank deposit account. The bank pays interest on the account at 0.75% per month. How much will be in the bank at the end of 20 years, if he has drawn nothing out?
Answers
Answered by
1
Answer:
900
Step-by-step explanation:
500 = interest will be 3.75 for 1month
now 20 years = 20 x 12 x 3.75 = 900
Similar questions