pramod deposits ruppees 200 in a R.D account for 4 years if the rate of interest is 8percent per year calculate the maturity value of his account
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yep it's a easy answer:
principle=200 time=2 years rate=8%
we should find the simple interest so,
S.I=PNR\100
SO,S.I=200×2×8/100
SO,S.I =RS.320 and the amount is principle added to simple interest,then,300 added to 200 and the amount is 500 rupees
principle=200 time=2 years rate=8%
we should find the simple interest so,
S.I=PNR\100
SO,S.I=200×2×8/100
SO,S.I =RS.320 and the amount is principle added to simple interest,then,300 added to 200 and the amount is 500 rupees
PERFECTSMOKER:
thanks bro
ok bro
Answered by
1
The maturity amount will be Rs. 272.05
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