Question

Shweta deposits rupees 250 per month in a recurring deposit account for 1 year at the rate of 8% per annum find the amount she will receive at the time of maturity

Answer 1

p=250
n=12 months
r=8%
I=250×12×13×8\2400
i=130
MV=pn+i
MV=250×12+130
MV=3000+130
MV=3130