Ramen deposits Rs. 100 on the first day of every month in a monthly savings scheme. In this way, he has deposited money for 1 year. If the rate of simple interest is 6% per annum ; then the amount he will get at the end of the year is ?
Answer - 1239 but how ?
Answers
Answered by
5
Answer:
345 ×1oo and÷ 6
Step-by-step explanation:
law of this question
Answered by
4
Step-by-step explanation:
(1 year=12 months)
=6×100×12/6
=39
Therefore, Amount he will usually get after a year=Rs.1200
Answer= 1200+39=1239
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