Anil deposit rupees 300 pee month in a recurring deposit account for 2 years. If the rate of interest is 10% per year calculate the amount that anil will recieve at the end of 2 years i.e at the time of maturity.
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Answered by
4
Answer:
10,080
Step-by-step explanation:
Principal=7200
Time 2years
Per annum is 20%
SI=P×R×T/100
7200×2×20/100
=2880
Amount=SI+P
7200+2880=10,080
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Answered by
4
Step-by-step explanation:
p = 300
n=2×12=24
r= 10%
S.I =P×n(n+1)×r/2400
= 300×24×25×10/2400
= RS 750
A.D= 300 × 24
=RS 7200
M.V = 7200 + 750
= 7950.
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