Question

mrs asha mehta deposits Rs 250 per month for one year in a bank's recurring deposit amount. if the rate of interest is 8% per annum , then the interest earned by her on this account​

Answer 1

Step-by-step explanation:

1 months=250rupes

12 months=250×12=3000rupes

• p=3000
• r=8%
• t=1
• I=?

I=ptr/100

3000×1×8/100=240