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ICSE Class 10 Answered

Aman opened recurring account for 2.5 years.Bank paid 4137.50 on maturity.rate of interest is 8percnt per annum find monthly installment
Asked by lovemaan5500 | 11 Dec, 2017, 05:23: PM
answered-by-expert Expert Answer
begin mathsize 16px style Let space the space monthly space instalment comma space straight i. straight e. space straight P equals Rs. space straight x Since space straight n equals 2.5 space years equals 30 space months space and space straight r equals 8 percent sign Interest equals straight P cross times fraction numerator straight n left parenthesis straight n plus 1 right parenthesis over denominator 2 cross times 12 end fraction cross times straight r over 100 equals straight x cross times fraction numerator 30 cross times 31 over denominator 2 cross times 12 end fraction cross times 8 over 100 equals 3.1 straight x As space the space money space deposited space in space 30 space months equals 30 straight x Thus comma space maturity space value equals Rs. space 3.1 straight x plus 30 straight x equals Rs. space 33.1 straight x Give comma space straight M. straight V equals Rs. space 4137.50 rightwards double arrow 33.1 straight x equals 4137.50 rightwards double arrow straight x equals 125 Thus comma space the space monthly space instalment space is space Rs. space 125. end style
Answered by Rashmi Khot | 12 Dec, 2017, 11:07: AM

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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
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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
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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
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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
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ICSE 10 - Maths
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Asked by nilesh.dhote74 | 19 Apr, 2020, 10:27: PM
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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
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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
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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
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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.
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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
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