Riz opens a recurring deposit account in a bank which gives simple interest of 8% p.a.
He receives
20,220 from the bank after 3 years. Find the monthly deposit.
Answers
Answered by
2
Answer:
Let A be the amount
Amount = A x 3 x 8/100 = 20,220
24 A = 20,22,000
A = 20,22,000 / 24 = 84,250 Rs.
Similar questions