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9(2014)Mohan has a recurring deposit account in a bank for 2 years at 6 % pa. simple interest.If he gets 1200 as interest at the time of maturity, find:(i) the monthly instalment(ii) the amount of maturity.(2016) |
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Answer» SI=P*R*T/100120000=P×2×6120000=12PSO P= 120000÷12=10000RS. AMT=INTEREST + MONTHLY INSTALMENT=RS 1200+RS 10000=RS 11200 |
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