Mrs Savita khosla deposits rupee 900 per month in a recurring account for 2 year . If she gets rupee 1800 as interest at the time of maturity , find the rate of interest if the interest is calculated at the end of each month.
Answers
Answered by
5
Answer:
the answer will be Rs 150
Because 1800÷12
Answered by
26
Answer: 8 percent per annum
Step-by-step explanation:
we have P = rs. 900
n = 24 months
SI = rs. 1800
putting these values in SI formula
SI = Pn (n+1)r/ 2400
1800 = 900 * 24* (24 +1 ) * r / 2400
⇒ r = 8
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