Question

Ishan deposits rupees 800 per month and recurring deposit account for 1 year at 5% per annum .find the amount he will receive at the time of maturity​

Answer 1

l dont know the answer..

Mark me brainliest

Answer 2

Explanation:

Given Ishan deposits rupees 800 per month and recurring deposit account for 1 year at 5% per annum .find the amount he will receive at the time of maturity

• So Ishan deposits Rs 800 / month
• So time n = 1 year = 12 months
• So total amount deposited will be 12 x 800
•                                                            = Rs 9600
• So I = P x n(n + 1) / 2 x 12 x r/100
•       = 9600 x 12 (!2 + 1) / 2 x 12 x 5 / 100
•         = 48 x 65
•  I = 3120
• So maturity amount will be P + I = 9600 + 3120
•                                                           = Rs 12,720

Reference link will be

https://brainly.in/question/36230143