Question

zahida deposits certain
sum of money every month
in a recurring deposite
account for 2 years if she
receives 37875the time
of maturity and the rate
of interest is 5% find the
monthly deposit​

Answer 1

Answer:

Steip-by-step explanation:

Intrest =p*n(n+1)dived by 2*12*r divided by 100

= p24(24+1) ➗ 24 ✖ 5 ➗ 100

= 5p ➗ 4

Maturity value =p ✖ n+I

37875=p ✖ 24+(5p ➗ 4)

37875=96p+5p ➗ 4

37875 ✖ 4=101p

37875 ✖ 4 ➗ 101=p

375 ✖ 4=p

1500=p

Answer 2

Answer:

Hope it helps you

Thank you