Ms Singh has a recovering deposit account in a bank of Rs 1000 per month at the simple interest rate of 10% p.a. She gets Rs. 41550 at the time of maturity . Find the period after which she received the maturity value.
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17
Answer:
P=10000
r=3%
n=4month
I = P×n(n+1)×r/2×12×100
10000×4(5)/2×12×100
cancel till it possible
I = 50×5 = 250
MV= P×n+I
10000×4+250
40000+250
40250:. ans
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3
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