1.

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​

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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