Math, asked by satayashalakale, 4 months ago

Ritu nets 34960 after 5 years how much money should she deposit every month in RD .? account to get required money after 5 years rate of interest being 8%

Answers

Answered by sidhujasmeet

1

= FV(Rate,Nper,Pmt,Pv,Type)

Modified Rate of Interest: The interest rate in Recurring Deposits (in this case case of 8.75%) is compounded on quarterly basis. Whereas FV is calculated on monthly basis because we are making monthly deposits.So we cannot directly put the standard bank rate into the above formula.

explanation. mark as it brainiest..

Previous Question

Next Question

Similar questions

English, 2 months ago

this may seem very difficult for you but after the course your student______able to solve such problems ao you will be able to do too...

Social Sciences, 2 months ago

________ mostly comprises of domestic workers...

Math, 2 months ago

One morning A and B were talking to each other face to face at a crossing. If B's shadow was exactly to the left of A, which direction was A facing? (1) East (2) West (3) North (4) South...

Business Studies, 4 months ago

Calculate the due date of billing the following case Date of bills 1st Feb 2017 31th Jan 2017 30th Sep 2017 29th Oct 2017 29th Dec 2017 Period 2 month 3 month 3month 2 month 56 days.... Plz answer me guys I'm student 11th class...

Social Sciences, 4 months ago

Define red soil name 3 crops grow ...

History, 9 months ago

who was the first Prime Minister of India ...

Math, 9 months ago

~♥~happy Children's Day~♥~ . . . . bhaiyon aur bahanon Zara solve kar do PLZ ...

World Languages, 9 months ago

Write about Lionel Augastin cuccitini...