Question

Mr rao has a cumulative deposit account for 3years at7/interest p a she receives 7,977as the maturity amount after three years find the monthly deposit

Answer 1

Step-by-step explanation:

Given Mr rao has a cumulative deposit account for 3 years at 7% interest p a she receives 7,977 as the maturity amount after three years find the monthly deposit  

• here n = 3 years = 36 months
•      r = 7%
•    I = Rs 7977
• So we have I = P x n(n + 1) x r / 2 x 12 x 100
•                7977 = P x 36 x 37 x 7 / 2 x 12 x 100
•                7977 = P x 18 x 37 x 7 / 1200
•                   4662 P = 1200 x 7977
•              4662 P = 9572400
•                 Or P = 9572400 / 4662
•                 Or P = Rs 2053.28

Reference link will be

https://brainly.in/question/16413365

Answer 2

Answer:

$2053.28

will be the correct answer hope it helps you