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प्रश्न
Shankar deposited 300 per month in a bank for 8 months in a recurring deposit account. If the rate of interest is 8% p.a., the maturity value of his deposit is ______.
पर्याय
₹ 2484
₹ 2532
₹ 2416
₹ 2472
MCQ
रिकाम्या जागा भरा
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उत्तर
Shankar deposited ₹ 300 per month in a bank for 8 months in a recurring deposit account. If the rate of interest is 8% p.a., the maturity value of his deposit is ₹ 2472.
Explanation:
Given:
Monthly deposit, P = ₹ 300
Time, n = 8 months
Rate of interest, r = 8% per annum
Total amount deposited:
P ⋅ n
= 300 ⋅ 8
= ₹ 2400
Interest calculation:
`I = (Pxxn(n+1)xxr)/(2xx12.100)`
`= (300xx8xx9xx8)/2400`
`= 172800/2400`
= ₹ 72
MV = ₹ 2400 + ₹72
= ₹ 2472
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