Question

Kiran deposited 300 per month for 3 years in a bank’s recurring deposit account. If the bank pays interest at the rate of 12% per annum, find the amount she gets on maturity?​

Answer 1

Step-by-step explanation:

formula of simple interest is - p * r * t / 100

formula use - 300 * 3 * 12 / 100 - 108 is interest

amount formula is - interest + principal - amount

108+ 300 - 408