Manav opened a recurring deposit account in a bank for 3 years. He deposited 1500 every month and at the time of maturity he received 4995 as interest. The amount of maturity is
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Answered by
0
Answer:
₹58995
Step-by-step explanation:
Monthly deposit (P): ₹1500
Period (n) = 3 years = 36 months
Interest = ₹4995
Maturity Amount= Pn+I
= ₹1500×36+₹4995
= ₹58995
Answered by
0
Answer:
3 years = 12×3
=> 36 months
1500+36+4995
=>. 58995
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