Question

imran deposist 200 per month in post office as R.D for 2 years . if the rate of interest is 12% . find the amount he will recive at the end of 2 years​

Answer 1

200 per month he deposited
For 2 years means 24 months
so total amount he deposited
$200 \times 24 = 4800$
4800 is the principal
simple interest=PTR/100
$(4800 \times2 \times 12) \div 100$
=1152
simple interest=1152
Amount=principal+simple interest
Amount=4800+1152
=5952
At the end of 2 years,he will receive 5952
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