Mr Harry has a RD account of ₹250 per month for a period of 1 year at the rate of 10 p.a.find the amount he will receive at the time of maturity
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Answer:
$ 370
Step-by-step explanation:
Mr. Harry has amount in his account = $250
Amount he pays every month = $ 10
No. of months in a year = 12
Amount he will get after 12 months = 10 × 12
= 120
Total amount he will receive at the time of maturity
= $ 250 + $ 120 = $ 370
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