Question

sarojini deposits ₹1000 every month in a recurring deposit account for 3years at 9%simple intrest per annum find the total amount deposited in 3years​

Answer 1

Step-by-step explanation:

Correct option is

C

Rs. 40,440

P=1000

T=3 years

n=12×T

=12×3=36

R=8%

M.V=Pn+2×12P×n(n+1)×100R

=(1000×36)+241000×36×37×1008

=3600+4440

=40,440

Hence Matured value =Rs.40440