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Mr.kheshon gets Rs.6455 at the end of first year @ 14% per anumin a RD account. Find the monthlyinstalment?Rs. 500Rs. 501Rs. 545Rs. 505 |
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Answer» Step-by-step EXPLANATION: Maturity Amount=rs6455 Number of MONTH (TIME or n)=1×12r Rate=14% we know,Maturity Amount=Pn+interest Hence, 6455=(12×P)+p×n(n+1)/2×24 ×14/100 ==6455=12p+13p×7/100 ==6455=1200p+91p/100 ==6455×100/1291=p ==500=p Hence,P=500 |
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