. Mohan deposited Rs. 1000 in a recurring deposit account for 3 years. Find the amount payable to him on maturity. If the rate of interest is 6% per annum
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please help me sir mam please
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Step-by-step explanation:
principal (P) =100
Rate(r) =6%
T(n) 3
=P×(r+1)n
=1000×[6+1/10]3
=1000×(7/10)3
=1000×7/10×7/10×7/10
=7×7×7
=49×7
=343
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