Question

AJIT DEPOSITED RS 200 PER MONTH IN A BANK FOR 6 MONTHS UNDER THE RECURRING DEPOSIT SCHEME. WHAT WILL BE THE MATURITY VALUE OF HIS DEPOSITS, IF THE RATE OF INTEREST IS 6% P.A. AND THE INTEREST IS CALCULATED AT THE END OF EVERY MONTH?​

Answer 1

Answer:

Step-by-step explanation:

=6%of100

=6÷100×100

=6

as100+6=106 is his am out for 1 month

so maturity value of his deposits for 6 months

=106×6

=636

Answer 2

here is the answer follow