Home/ Questions/Q 1989
In Process
Adv
deepaksoni
  • 0
Guru
Asked: 2021-03-16T14:56:18+05:30 In:

Kiran deposited Rs. 200 per month for 36 months in a bank’s recurring deposit account. If the banks pays interest at the rate of 11% per annum, find the amount she gets on maturity ?

  • 0

This is an important question from the Book- ML Aggarwal
Board- ICSE
Publication- Avichal
Chapter- Banking
Chapter number-2
This question has been asked in 2012 questions paper.

Kiran deposited Rs. 200 per month for 36 months in a bank’s recurring deposit account. If the banks pays interest at the rate of 11% per annum, find the amount she gets on maturity ?
Question no.4 , ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.

bankingicse10ml aggarwal
Share

    1 Answer

    1. Solution:
      Amount deposited month (P) = Rs. 200
      Period (n) = 36 months,
      Rate (R) = 11% p.a.
      Now amount deposited in 36 months = Rs. 200 x 36 = Rs 7200
      ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking Ex 2 Q4.1

      • 0
    Leave an answer

    Leave an answer

    Browse

    Choose from here the video type.

    Put Video ID here: https://www.youtube.com/watch?v=sdUUx5FdySs Ex: "sdUUx5FdySs".

    Captcha Click on image to update the captcha.

    Related Questions

    Adv