Question

Saloni deposited rupees 150 per month in a bank for 8 months under the Recurring Deposit
Scheme. What will be the maturity value of his deposits, if the rate of interest is 8% per annum?​

Answer 1

Answer:

1264

Step-by-step explanation:

deposited total rupees 150*8 = 1200

P = 1200, R = 8percent T = 8mon = 8/12year

SI = prt/100 = 1200*8/12*8/100 = 64

maturity = p+si = 1200+64 = 1264

l hope it will be help you

Answer 2

Answer:

Step-by-step explanation:

deposited total rupees 150*8 = 1200

P = 1200, R = 8percent T = 8mon = 8/12year

SI = prt/100 = 1200*8/12*8/100 = 64

maturity = p+si = 1200+64 = 1264

l hope it will be help you