Question

sanjeev deposit rs 2000 every month in RD account for 3 year at 10%simple interest perannum . what will be the equivalent principal for one month​

Answer 1

Answer:

answer is

intrest for mounth

50/3

Answer 2

The equivalent principal for one month is 205Rs.

Given:-

Principal amount (p)= 2000Rs.

Time (t) = 3 years

Rate (r) = 10%

To Find:-

The equivalent principal for one month.

Solution:-

We can easily find the equivalent principal for one month by using the following procedure.

As

Principal amount (p)= 2000Rs.

Time (t) = 3 years = 1/12 (for 1 month)

Rate (r) = 10%

First, we need to calculate the Simple Interest

So, according to the formula

$si = \frac{p \times r \times t}{100}$

$si = \frac{2000 \times 0.1 \times 3}{100 \times 12}$

$si = \frac{2000 \times 3}{1000 \times 12}$

$si = 5$

Interest for 1 month = 5Rs.

Amount = 10% of 2000

Amount = 200

So, The equivalent principal for one month = 200+5 = 205

Hence, The equivalent principal for one month is 205Rs.

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