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ICSE Class 10 Answered

pallavi opened a recurrring deposite account with a nationalised bank for a period of 2 years. if the bank repays intrest at a rate of 6% per annum and the monthly instalment is ₹1000 (i) find the intrest earning in 2 years (ii) maturity value
Asked by bangalore.likitha | 07 Apr, 2020, 05:06: PM
answered-by-expert Expert Answer
begin mathsize 18px style straight n equals 24 space months straight r equals 6 percent sign Monthly space installment space left parenthesis straight P right parenthesis equals 1000 Interest space earned equals straight P cross times fraction numerator straight n open parentheses straight n plus 1 close parentheses over denominator 2 end fraction cross times fraction numerator straight r over denominator 12 cross times 100 end fraction Maturity space value equals straight P cross times straight n plus Interest sub space and space solve... end style
Answered by Arun | 09 Apr, 2020, 08:44: 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
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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.
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ICSE 10 - Maths
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ICSE 10 - Maths
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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
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ICSE 10 - Maths
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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
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