Ramu has a cumulative time deposit account in a bank. He deposits ₹600 per month for 6 years. If at the end of maturity period he gets ₹53712 . Find the interest
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Answer:
Rs. 10,512 is the interest.
Step-by-step explanation:
Maturity Value = Principle × time + Interst
53,712 = 600 × 72 + I
53,712 - (600 × 72) = I
53,712 - 43,200 = I
10,512 = I
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