Question

a person saves rupees 3000 per month and deposites it in a bank CTD account which pays interest at the rate 12%. In order he have total amount rupees 23590 how many monthly installment he must deposit​

Answer 1

Step-by-step explanation:

there is a small mistake in question

it is not 23590 it is 23520

now the answer is given below

he saves 3000

if he saves 7 months then

3000×7= 21000

if bank pays 12% intrest

3000×12/100= 360

360×7 =2520

21000+2520= 23520

so the answer is 7 months