Rubi deposits 250 per month in a post officerecurring deposit account

1.	Rubi deposits 250 per month in a post officerecurring deposit account for 3 years. Whatamount will she get on maturity, if the rate ofinterest is 7.5% p.a.?
Answer» <P>Step-by-step explanation: p = € 250 n = 3 YEARS = 12×3 = 36 months r = 7.5 % SI = p×n(n+1)/2 × 1/ 12 × r/ 100 = 250 × 36 ×37/2 × 1/12 × 7.5 /100 = € 1083 M.V. =( p × n) + SI = (250 × 36) + 1083 = 9000 + 1083 = 10083 (ans)

Rubi deposits 250 per month in a post officerecurring deposit account for 3 years. Whatamount will she get on maturity, if the rate ofinterest is 7.5% p.a.?

Answer»

<P>Step-by-step explanation:

p = € 250

n = 3 YEARS

= 12×3

= 36 months

r = 7.5 %

SI = p×n(n+1)/2 × 1/ 12 × r/ 100

= 250 × 36 ×37/2 × 1/12 × 7.5 /100

= € 1083

M.V. =( p × n) + SI

= (250 × 36) + 1083

= 9000 + 1083

= 10083 (ans)

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Rubi deposits 250 per month in a post officerecurring deposit account for 3 years. Whatamount will she get on maturity, if the rate ofinterest is 7.5% p.a.?​

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Rubi deposits 250 per month in a post officerecurring deposit account for 3 years. Whatamount will she get on maturity, if the rate ofinterest is 7.5% p.a.?