Question

Please guys give me answer

Answer 1

this is the answer of your question

Answer 2

GIVEN:
MONTHLY INSTALLMENT=RS 1500
RATE %(R)=9%
TIME(N)=24MONTHS OR 2 YEARS
MATURITY VALUE=?

AMOUNT DEPOSITED=N×MI
=24×1500
= Rs 36000

INTEREST=N(N+1)÷2×12×X×R÷100
{ON SUBSTITUITING THE GIVEN VALUES} 24×25÷2×12×1500×9÷100
(ON SOLVING THE ABOVE EQUATION)
WE GET -->
INTEREST=25×15×9=RS.3375
MATURITY VALUE=AMOUNT DEPOSITED+INTEREST
36000+3375=RS.39375

THEREFORE SHE RECEIVES RS.39375 AS THE TOTAL AMOUNT

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