QUESTION 17 Kishan
2 points
deposited Rs 360 per month in
a R.D account with PNB for 2
years. If the rate of interest is
7% p.a, then the amount he
get at the time of maturity is:
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Answer:
the amount he
get at the time of maturity is=Rs4,945.968
Step-by-step explanation:
KIshan deposit,
=Rs360 per month
,then for a year,
=Rs(360×12) per year
=Rs4,320 per year
he deposited it for,
=2years
Interest rate for per year,
=7%
Interest he gets,
Form first year,
=4,320×1×7/100
=Rs302.4
then in second year,
=4,622.4×1×7/100
=Rs323.568
the total amount he gets,
=Rs4,945.968
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