Question

Meena deposited Rs.250 per month in a bank for one year under the recurring deposit scheme. What will be the maturity value of her deposit, if the rate of interest is 8% per annum?​

Answer 1

Answer:

this

is your answer I feel it helps you

Answer 2

P *n(n+1)/2*12 *r/100

250*12*13/2*12 *8/100

=130

MV=P*n+I

=250*12+130

=3000+130

=rs3130

Hope it helps