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Asked: 2021-03-16T14:53:06+05:30 In:

Mrs. Goswami deposits Rs. 1000 every month in a recurring deposit account for 3 years at 8% interest per annum. Find the matured value.

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This is an important question from the Book- ML Aggarwal
Board- ICSE
Publication- Avichal
Chapter- Bankin8
Chapter number-2
This question has been asked in 2009.

Mrs. Goswami deposits Rs. 1000 every month in a recurring deposit account for 3 years at 8% interest per annum.find the matured value.

Question no.3  , ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.

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    1 Answer

    1. Solution:
      Deposit per month (P) = Rs. 1000
      Period = 3 years = 36 months
      Rate = 8%
      ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking Ex 2 Q3.1

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