Ask a Doubt
Request a call back

Join NOW to get access to exclusive study material for best results

ICSE Class 10 Answered

Mr.Sarojini deposits Rs.1600 per month  in cumulative account at 9% per annum s.i, .If she gets Rs.65592 at the time of maturity, find the total time for which account was held.
Answer must be 3years.
Asked by sreenivasanmaralapadu | 10 Jul, 2015, 07:58: PM
answered-by-expert Expert Answer
G i v e n space t h a t space m o n t h l y space d e p o s i t equals R s.1600 I n t e r e s t equals 9 % M a t u r i t y space a m o u n t equals R s.65592 L e t space n space b e space t h e space n u m b e r space o f space m o n t h s. N equals fraction numerator n open parentheses n plus 1 close parentheses over denominator 2 cross times 12 end fraction W e space k n o w space t h a t space t h e space m a t u r i t y space a m o u n t comma A m o u n t equals P n plus fraction numerator P N R over denominator 100 end fraction rightwards double arrow 65592 equals 1600 cross times n plus fraction numerator 1600 cross times n open parentheses n plus 1 close parentheses cross times 9 over denominator 2 cross times 12 cross times 100 end fraction rightwards double arrow 65592 equals 1600 cross times n plus 6 n squared plus 6 n rightwards double arrow 6 n squared plus 1606 n minus 65592 equals 0 rightwards double arrow 6 n squared plus 1822 n minus 36 n minus 65592 equals 0 rightwards double arrow n open parentheses 6 n plus 1822 close parentheses minus 36 open parentheses 6 n plus 1822 close parentheses equals 0 rightwards double arrow open parentheses n minus 36 close parentheses open parentheses 6 n plus 1822 close parentheses equals 0 rightwards double arrow n minus 36 equals 0 space o r space 6 n plus 1822 equals 0 rightwards double arrow n equals 36 space o r space n equals fraction numerator negative 1822 over denominator 6 end fraction A s space n space c a n n o t space b e space n e g a t i v e comma space n equals 36 space m o n t h s T h a t space i s space n equals 3 space y e a r s.
Answered by Vimala Ramamurthy | 11 Jul, 2015, 12:25: PM

Concept Videos

Multiple Choice Questions Practice Test
Answered Unanswered My Questions My Answers
ICSE 10 - Maths
Ms sarita deposit RS 500 every month in a recurring deposit account for 2 years at 9% S.l per annum find. the interest she will earm in 2 years,the maturity value of deposit
Asked by sh489551 | 20 Sep, 2021, 02:58: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 10 - Maths
Mr. Kumar has a recurring deposit account is Rs.1,20,400. If each monthly instalment for this account is Rs.1.600 and the rate of interest is 10% per year, find [3] the time for which the account was held.
Asked by krrishjaiswal10 | 19 Jul, 2021, 08:56: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 10 - Maths
upriya has a recurring deposit account in a bank. She deposits Rs 600 per month for 6 years. If at the end of maturity period she gets Rs 53,712, find the rate of interest.Immersive Reader  
Asked by paawanthaker2305 | 29 Jul, 2020, 03:56: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 10 - Maths
Preeti has a recurring deposit account of Rs 1000 per month at 10%per annum. If she gets Rs 5550 as interest at the time of maturity, fund the total time for which the account was held. Formula is this:SI =Px1/2n(n+1)x 1/12xR /100
Asked by bejibickey8482.10sdatl | 22 Apr, 2020, 12:25: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 10 - Maths
q 10
question image
Asked by nilesh.dhote74 | 19 Apr, 2020, 10:27: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 10 - Maths
Deposit amount Rs.1000/month Rate of interest 10% p.a Interest received at maturity Rs.5550 How to calculate period of investment
Asked by pramod1970.2015 | 30 Mar, 2020, 03:03: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 10 - Maths
Mr. Sony had a R.D.account and deposits Rs.750 Per month for 2 years. If he gets Rs.19125 at the time of maturity. Find the rate of interest.
Asked by Bhoomibharti75 | 05 Mar, 2020, 04:53: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 10 - Maths
Sharma deposits a certain sum of money each month in a recurring deposit account of a bank if the rate of interest is 9% per annum and Sharma gets 5565 after 1 year and 3 months on the maturity find the value of his monthly installment
Asked by prakharsingh1402 | 09 Dec, 2019, 01:58: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 10 - Maths
Mr thomas has a 4 years cumulative time deposits accounts in corporation Bank and deposits rs 650 per month if he receives rs 36296 at the time of maturity finf- 1. The total interest earned by mr thomas. 2. The rate of interest per annum.
Asked by Dipshikaparajuli | 15 Jun, 2019, 09:32: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 10 - Maths
If a man got 6 persent rate of interst from a bank he gives in the bank 1000rs per month so in the end of the year he will got  how much amount
Asked by Sanjaykumargupta29698 | 11 Jun, 2019, 09:52: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
My Class Videos Tests ₹ Plans Ask a Doubt
Get Latest Study Material for Academic year 24-25 Click here
×