shweta deposits ₹ 350 per month in a recurring deposit account for one year at the rate of 8% p.a. Find the amount she will receive at the time of maturity.
Answers
Answered by
1
Answer:
Rs378.
Step-by-step explanation:
Rate = 8%, P = Rs.350, T = 1 year
SI=
100
P×R×T
=
100
350×8×1
=28Rs
Amount she will receive after maturity =SI+P
=Rs.28+Rs.350
=Rs.378
Answered by
2
Answer:
Rate = 8%, P = Rs.350, T = 1 year
SI=
100
P×R×T
=
100
350×8×1
=28Rs
Amount she will receive after maturity =SI+P
=Rs.28+Rs.350
=Rs.378
Step-by-step explanation:
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