Question

If Aditya deposited 800 per month for 2 years in a Recurring Deposit Scheme, then the total money deposited by him in the account is​

Answer 1

Given:

Total amount deposited = Rs. 800

Time = 2 years

To Find:

Total money deposited by him in the account

Solution:

Time = 2 years = 24 months

Thus,

Calculating monthly deposit -

= Total amount deposited x Total time period

Substituting the values -

= 800 x 24

= 19200

Answer: Total money deposited by him in the account is Rs.19,200