Question

Ms Chatterjee deposits Rs 100 per month in a cumulative deposit account for a period of 5 years,
After the end of the period she will receive Rs7,220, (Consider the interest rate to be simple.)
(i) Find the rate of interest per annum
(i) Find the total interest that Ms Chatterjee will earn.( can anyone provide me the solution of this Question plz it's very urgent) ​

Answer 1

Answer:

Rs 364.5

Ms chatterjee = Rs 344.5

Step-by-step explanation:

100 ÷ 5 = 20

7290 ÷ 20 = 364.5

Mr chatterjee = 364.5 - 20 = 344.5