Question

find the amount if aman deposited rs 800 for 4year6month at a rate of 10%
​

Answer 1

Step-by-step explanation:

Given

P=Rs 150 per month.

r=8% p.a

n=8 month

M.V=Pn+

2×12

P×n(n+1)

×

100

r

=(150×8)+

24

150×(8×9)

×

100

8

=1236

∴ Maturity Value =Rs 1236

Answer 2

simple interest = 800×9/2×10/100= 36000

Amount = 800+36000= 36800