Question

Monit deposited 1 220 per month in RD
deposite account for
maturity value, if the reate
is 12% per annume
36 month
find
of interest​

Answer 1

Answer:

5270.4 is the simple interest

Step-by-step explanation:

Principal= 1 month= 1220

1 yr = 12×1220

=14640 rs.

Rate = 12%

Time=3 yrs

SI = P×R×T/100

SI=14640×12×3/100

SI=5270.4 ₹