Question

Mr. Vijay has a recurring bank account of Rs. 2500 per month for a period of 6 years. What will he get at the time of maturity if interest rate is 11.5% pa

Answer 1

Answer:

n=12×6--->36

MV=P*R+I

I=P×(n(n+1)/2×12)*r/100

I=>2500×((36×37/2×12))×11.5/100

I=>₹15956.25

MV=P×n+I

====>90000+15956.25

105956.25 Answer.

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Answer 2

Answer:

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Step-by-step explanation: