Sheela has a recurring deposit account in a bank of rupees 2000 per mo

1.	Sheela has a recurring deposit account in a bank of rupees 2000 per month at the rate of 10% per annum . if she gets rupees 83100 at the time of maturity, find the total time in years for which the account was held .
Answer» Answer: Recurring deposit interest P=n(n+1)/2x12×r/100---(1) Where p is the deposit amount /MONTH, n is no of month, r is RATE of interest Interest amount is given by, 2000×n(n+1)/24×10/100 =83100-n×2000 =n^2+241n-(831×12)+0 (n+177)(n-36)=0 Hence we GET, NUMBER of months =36

Sheela has a recurring deposit account in a bank of rupees 2000 per month at the rate of 10% per annum . if she gets rupees 83100 at the time of maturity, find the total time in years for which the account was held .

Answer»

Answer:

Recurring deposit interest

P=n(n+1)/2x12×r/100---(1)

Where p is the deposit amount /MONTH, n is no of month, r is RATE of interest

Interest amount is given by,

2000×n(n+1)/24×10/100

=83100-n×2000

=n^2+241n-(831×12)+0

(n+177)(n-36)=0

Hence we GET,

NUMBER of months =36

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Sheela has a recurring deposit account in a bank of rupees 2000 per month at the rate of 10% per annum . if she gets rupees 83100 at the time of maturity, find the total time in years for which the account was held .​

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Sheela has a recurring deposit account in a bank of rupees 2000 per month at the rate of 10% per annum . if she gets rupees 83100 at the time of maturity, find the total time in years for which the account was held .