Question

Question 17

Seema deposito 1800 per month in a recurring deposit account for 2 years at 9% p.a. The amount of interest she will receive at the time of maturity.
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Answer 1

Answer:

3986

Step-by-step explanation:

Seema deposit amount per month = 1800

Deposit amount per annum = 1800 × 12

= 21600

interest per annum = 9%

interest amount per annum =

$\frac{9}{100} \times 21600 = 1943$

semma deposited 2years

So, interest amount of 2years

=1943+1943

=3986

Total interest amount of Seema receive at the time of maturity = 3986