Question No. 11
Mr Roy deposits Rs 50 every month in a bank for 12
months at 10% per annum . Find the amount he receive at
the time of maturity.
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Answer:
Mr Roy deposits in 12 months =Rs600
Simple interest =(600×10×1)÷100
=6000/100=Rs60
mixed money=600+60=Rs660
the amount he receive at the time of maturity. =Rs660
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