Anil deposits 300 per month in a recurring deposit
account for 2 years. If the rate of interest is 10% per
year, calculate the amount that Anil will receive at
the end of 2 years, i.e., at the time of maturity.
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Answered by
6
Answer:
10,080
Step-by-step explanation:
Principal=7200
Time =2years
Per annum=10×2=20%
Interest =P×R×T/100
7200×20×2/100
=2880
Amount=Simple Interest+Principal
7200+2880=10,080
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Answer:
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