Math, asked by adiadiadi1616, 9 months ago

J. ) Mohem.
.
cumulatione
deposit
amant
mate
deposits 2 80 per month
account love
six years. Find the
Payable
laim on maturity of the
of interest is l. per annum -
ho
7
T​

Answers

Answered by salonikumari99343
1

Answer:

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MATHS

Mohan deposited Rs.80 per month in a cumulative deposit account for six years. Find the amount payable to him on maturity, if the rate of interest is 6% per annum.

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ANSWER

Let the monthly installment be P

Given, monthly installment Rs.=80, r=6%, n=6×12=72

We know, Interest =

2400

Pn(n+1r)

=

2400

80×72×73×6

=

5

5256

Required amount =Pn+52565

=80×72+

5

5256

=28800+

5

5256

=6811.20

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