Question

Presha has a RD account in a bank for 3 years 6 months at 9.5% simple interest
p.a. If she gets Rs.157276 at the time of maturity, find the monthly instalment.​

Answer 1

Answer:

3200. IND

Step-by-step explanation:

n = number of months= 42

T = n(n+1)/24 = 42(42+1)/24 = 75.25

s.i = p×r×t/100 = p×9.5×75.25/100 =7.14875p

matured Amount = principal × total no. of months + interest

157276 =42p + 7.14875p

p = 3200

monthly installment = 3200