Question

me vasan paid 200 every month in
na Cumulative deposit account for
2 years he received 5250 as the
maturity amount find the rate of
inteest​

Answer 1

Answer:

interest =

2400

P×n×(n+1)×R

=

2400

200×36×37×11

interest =

2400

P×n×(n+1)×R

=

2400

200×36×37×11

=1221

∴ Amount =200×36+1221= Rs. 842

=1221

∴ Amount =200×36+1221= Rs. 8421