Mrs Goswami deposits ₹1000 every month in a recurring deposit account for 3years at 8% interest per annum. Find the matured value?
Answers
Answered by
2
Answer:
40440
Step-by-step explanation:
P=1000
T=3 years
n=12×T
=12×3=36
R=8%
M.V=Pn+
2×12
P×n(n+1)
×
100
R
=(1000×36)+
24
1000×36×37
×
100
8
=3600+4440
=40,440
Hence Matured value =Rs.40440
Answered by
0
Answer:
356+356+356=1098
1000x1098=
1,098,000
you understand
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