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प्रश्न
Mr. Goswami deposits 1000 every month in a recurring deposit account for 3 years at 8% p.a. The maturity value is ______.
विकल्प
₹ 43320
₹ 40440
₹ 42240
₹ 41480
MCQ
रिक्त स्थान भरें
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उत्तर
Mr. Goswami deposits 1000 every month in a recurring deposit account for 3 years at 8% p.a. The maturity value is ₹ 40440.
Explanation:
Given:
Monthly deposit, P = ₹ 1000
Time, n = 3 years = 36 months
Rate of interest, r = 8% per annum
Total amount deposited:
P ⋅ n
= 1000 ⋅ 36
= ₹ 36000
Interest calculation:
`I = (Pxxn(n+1)xxr)/(2xx12xx100)`
`= (1000xx36xx37xx8)/2400`
`= 10656000/2400`
= ₹ 4440
Maturity value:
MV = ₹ 36000 + ₹ 4440
= ₹ 40440
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