Samita has a recurring deposit account in a bank of 2000 per month at the rate of
10% p.a. If she gets 783100 at the time of maturity, find the total time for which the
account was held.
Answers
Step-by-step explanation:
2000×10/100
20×10=200
200/783100
that calculated plz &sorry not ans.direct
Answer:
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MATHS
Samita has a recurring deposit account in a bank of Rs2000 per month at the rate of 10% p.a.If she gets Rs83100 at the time of maturity, find the total time for which the account was held.
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ANSWER
P=Rs.2000
R=10%
M.V=Rs.83100
I=P×2×12n(n+1)×100R
∴I=25×24n(n+1)×10010
=325(n2+n)
MV=P×n+I
⇒83100=(2000×n)+325n2+325n
⇒83100=36000n+25n2+25n
⇒83100×3=6000n+2
Step-by-step explanation:
At the end of the tenure, the maturity amount of RD that includes the principal invested and the interest earned is paid back. Recurring deposit (RD) is a popular savings alternative to fixed deposits and long term post office schemes among investors. ... In some banks, for online RD, the minimum tenure may be 12 months.