Question

Mohan has RD a/c in a bank for 2 years at 8%
pa and he deposit Rs 500 per month . find interest.​

Answer 1

Answer:

Interest is Rs1000.

$i = p \times ( \frac{n(n + 1)}{24000} ) \times r \\ i = 500 \times ( \frac{24 \times 25}{24000} ) \times 8 \\ i = 1000$

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