[ICSE 2007]
4. Saloni deposited 150 per month in a bank for 8 months under the recurring scheme. Find the maturity value, if the rate of interest is 8% p. a. and the interest is calculated at the end of every month.
Answers
Answered by
0
Answer:
1264
Step-by-step explanation:
deposited total rupees 150*8 = 1200
P = 1200, R = 8percent T = 8mon = 8/12year
SI = prt/100 = 1200*8/12*8/100 = 64
maturity = p+si = 1200+64 = 1264
Answered by
2
Answer:
given, P = Rs150 , n = 8, r = 8%
to find MV =?
Formula used I = [P×n×(n+1)×r] ÷ 2×12×100
I = [150×8×9×8]÷2×12×100
=> Rs 36
MV = (P×n) + I
= (150×8)+36
= Rs 1,236 Answer
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