Question

amit deposits rs 1600 per month in a recurring deposit account at 9 percent pa . Of he gets rs65592 at the time of maturity , find the total time for which the account was held​

Answer 1

Answer:

i don't need thanks anything , only mark as Brainliest

Step-by-step explanation:

Principal = 2000

Rate of interest = 10% = 0.1

Amount = Rs.83100

No. of compounds per year = n = 12

A=P(1+\frac{r}{n})^{nt}

83100=2000(1+\frac{0.1}{12})^{12t}

\frac{83100}{2000}=(1+\frac{0.1}{12})^{12t}

41.55=(1+\frac{0.1}{12})^{12t}

t=37.42

So, it will take Approx 36 months