Question

Nikita deposited Rs. 100 per month for 12 months in a bank's RD account. If the bank pays interest at a rate of 9% per annum, then the total amount deposited by Nita during this period is:​

Answer 1

Rs. 1258.5

Step-by-step explanation:

I hope it helps you.

Answer 2

Given:

Rate of interest = 9% per annum

Deposited per month = 100

Number of months = 12

To find:

The total amount deposited by Nita during this period.

Solution:

Total amount deposited = amount deposited per month × number of months given.

Total amount deposited = 100×12

                                         = 1200

The total amount deposited by Nita during this period is Rs.1200