Ashoke deposited ₹ 3,200 per month in a cumulative deposit account for 3 years at the rate of 9% per annum. Find the maturity value of this account.
Formula= I = P×n(n+1)× r upon 2×12×100
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Amount remitted =3200x36=
= Rs 115200
I=115200 x 3(3+1)x9/2x12x100
= 115200x108 / 2400
= Rs 5184
Total = Rs1157184
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