iiu the rate of20149 ) Mohan has a recurring deposit account in a bank

1.	iiu the rate of20149 ) Mohan has a recurring deposit account in a bank for 2 years at 6% pa, siIf he gets t 1200 as interest at the time of maturity, find(0 the monthly instalment(i) the amount of maturity
Answer» SI=PRT/100120000=P×2×6120000=12PSO P= 120000÷12=10000RS. AMT=INTEREST + MONTHLY INSTALMENT=RS 1200+RS 10000=RS 11200 I=P×n×n+1÷2×12×r÷1001200=x×24×25×6÷100x=₹800 (monthly ins) M.V=P×n+I =800×24+1200 =₹ 20400 😎😎😎 you are intillengent do your self

iiu the rate of20149 ) Mohan has a recurring deposit account in a bank for 2 years at 6% pa, siIf he gets t 1200 as interest at the time of maturity, find(0 the monthly instalment(i) the amount of maturity

Answer»

SI=P*R*T/100120000=P×2×6120000=12PSO P= 120000÷12=10000RS.

AMT=INTEREST + MONTHLY INSTALMENT=RS 1200+RS 10000=RS 11200

I=P×n×n+1÷2×12×r÷1001200=x×24×25×6÷100x=₹800 (monthly ins)

M.V=P×n+I =800×24+1200 =₹ 20400

😎😎😎 you are intillengent do your self