Math, asked by shashanksahu6242, 4 months ago

Ramesh opened a Recurring deposit Account in a bank for five year and

deposit Rs 200 every month, If the rate of interest is 6% per annum then

how much money will he get after 5 years.

Answers

Answered by krushnachandra6065

2

Answer:

=1000

T=3 years

n=12×T

=12×3=36

R=8%

M.V=Pn+

2×12

P×n(n+1)

×

100

R

=(1000×36)+

24

1000×36×37

×

100

8

=3600+4440

=40,440

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