Question

Rajat deposited Rs.350/- per month in his bank account for 8 months under the Recurring Deposit

Scheme. What will be the maturity value of his deposit, if the rate of interest is 8% p.a. and the

interest is calculated at the end of every month?

Sol: Rs.2884/​

Answer 1

Answer:

Hopeit helps you mark as brainliest if it helps you.

Step-by-step explanation:

P=Rs 150 per month.

r=8% p.a

n=8 month

M.V=Pn+

2×12

P×n(n+1)

×

100

r

=(150×8)+

24

150×(8×9)

×

100

8

=1236

∴ Maturity Value =Rs 1236

priyaranjaan0624

priyaranjaan0624

Answer:

Answer

Step-by-step explanation:

it is Rs.2884/-

Mark as brainliest please and follow me.