Renu has a cumulative deposit of rs 200 per month at 10% per annum. If she gets rs 6775 ath the time of maturity

Questions

May 2023 1 9 Report

Renu has a cumulative deposit of rs 200 per month at 10% per annum. If she gets rs 6775 ath the time of maturity after 2.5 years , then the interest received by Renu is :

Answers & Comments

anii581

Answer:

p=rs 200

n=2.5years (convert in months)

2.5×12=30months

r%=10p.a

M.V.=6775

INTEREST =M.V.-P×N

6775-200×30

6775-6000

Therefore,interest=rs 775

Hope this helps you!!!

Questions

Answers & Comments

Add an Answer

Helpful Links

Helpful Social