Mohan has a recurring deposit account in a bank for 2 years at 6% per annum simple interest.If he gets rupees 1200 as interest at the time of maturity .
find
1) the monthly instalment.
2) amount of maturity.
Answers
Answered by
6
SI=P*R*T/100
120000=P×2×6
120000=12P
SO P= 120000÷12=10000RS.
AMT=INTEREST + MONTHLY INSTALMENT=RS 1200+RS 10000=RS 11200
I hope it helps....
A7J:
but I think interest should be rs 800
ok leave it ....by the way thanks
Answered by
3
this is your answer mate
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