3. Mohan deposits 80 per month with a postoffice in a cumulative depos

1.	3. Mohan deposits 80 per month with a postoffice in a cumulative deposits scheme for sixyears. Find the amount payable to him onmaturity, if the rate of interest is 6% perannum.[ICSE 2006]
Answer» MARK me brainlist the answer is on the bottom Step-by-step explanation: Let the monthly INSTALLMENT be P Given, monthly installment Rs.=80, r=6%, n=6×12=72 We know, Interest = 2400 Pn(n+1r) = 2400 80×72×73×6 = 5 5256 REQUIRED AMOUNT =Pn+52565 =80×72+ 5 5256 =28800+ 5 5256 =6811.20

3. Mohan deposits 80 per month with a postoffice in a cumulative deposits scheme for sixyears. Find the amount payable to him onmaturity, if the rate of interest is 6% perannum.[ICSE 2006]

Answer»

MARK me brainlist the answer is on the bottom

Step-by-step explanation:

Let the monthly INSTALLMENT be P

Given, monthly installment Rs.=80, r=6%, n=6×12=72

We know, Interest =

2400

Pn(n+1r)

2400

80×72×73×6

5256

REQUIRED AMOUNT =Pn+52565

=80×72+

5256

=28800+

5256

=6811.20

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3. Mohan deposits 80 per month with a postoffice in a cumulative deposits scheme for sixyears. Find the amount payable to him onmaturity, if the rate of interest is 6% perannum.[ICSE 2006]​

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3. Mohan deposits 80 per month with a postoffice in a cumulative deposits scheme for sixyears. Find the amount payable to him onmaturity, if the rate of interest is 6% perannum.[ICSE 2006]