Question

Manu deposits Rs. 1000 every month in a recurring deposit account for 2 years at 9% S.I. p.a. find the
interest accrued.
​

Answer 1

Hey friend!

Answer:

₹ 180

Step-by-step explanation:

$We \ are \ given \ that\\\\\star \ Principal = Rs\ 1000\\ \star \ time = 2 \ years\\\star \ SI \ rate = 9$% p.a

$Now, \\\\We \ know,\\\\Simple \ Interest = \frac{Principal\ * \ rate \ * \ time}{100}\\ \\= \frac{1000 \ * \ 9 \ * \ 2}{100} \\\\= 10 \ * \ 9 \ * \ 2\\\\= 180$

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