Shashi deposited Rs 450 per month for 36 months in a bank's recurring deposit amount. if the bank pays interest at the rate of 11% per annum, find the amount she gets on maturity
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Answer:
5346 rupes
Step-by-step explanation:
1month=450rupes
12months=450×12
=5400
3years=5400×3=16200
- p=16200
- r=11%
- t=3
- I=?
I=ptr/100
I=16200×3×11/100
=5346
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