Question

Reema opened a Bank account on 23 rd August in a certain year with a deposit of 5200.She closed

her account on 5th November of the same year.if the bank paid her 6% interest per annum,what

amount did she receive?​

Answer 1

Answer:

monthly deposit = 5200

n =12 months

r=6%

T=1/12

equivalent principle for 1 month = n(n+1)x/2

= 12(12+1)5200/2

P=6*13*2600

I=PTR/100

= 6*13*2600*1*6/100*12

=1*13*13*1*6

= 1014

amt she received=nx+I

=12(5200)+1014

= 62400+1014

=63414

Amt she received=63414

Answer 2

Answer:

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