Kiran deposit ₹200p.m.for 3yrs ina a bank R.D.account.If the bank pays interest at 11%p.a.,find the amount she gets on maturity
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Answer:
Step-by-step explanation:
P=Rs200per month
P=Rs 200 X 12=Rs2400per year
Rate=11%
Time=3yrs
Simple Interest =(P x R x T) /100
=(2400 x 11 x 3)/100
=24 x 11 x 3= Rs792
Amount =2400+792=Rs3192
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