Question

Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest.If he gets Rs.1200 as interest at the time of maturity,find :

Answer 1

Answer:

Step-by-step explanation:

I=p*(n(n+1)/12*2)*r/100

1200=(p*24*25*6)/(2*12*100)

P=(1200*12*2*100)/(24*25*6)

P=Rs800

Maturity value=p*n + I

=800*24+1200

=19200+1200

=Rs 20400

Answer 2

Answer:

See the attachment below!

Step-by-step explanation:

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