Question

The maturity value of a recurring deposit rupees 11, 364 in 4 years if the measure if the monthly deposit is rupees 200 find the rate of interest.​

Answer 1

Answer:

i don't know buddy!!!!

Step-by-step explanation:

Answer 2

Answer:

r=9%

Step-by-step explanation:

mv=11,364

n=4×12=48months

p=200

r=?

mv=pn+I

mv-pn=I

I=11,364-9600

I=1,764

I=pn(n+1)r/2/12/100

I=200×48×49×r/12/2/100

I=196r

r=1764/196

r=9%