!!!"DO NOT SEND ANY LINKS" Answer the 6th question Q 6 On depositing Rs 200 every month - Maths - Commercial Mathematics

Question

!!!"DO NOT SEND ANY LINKS" Answer the 6th question
Q 6 On depositing Rs 200 every month in a recurring deposit
account, paying 9 % per annum interest, a person collected Rs 2517
at maturity Find the period for which the account was held

Brijendra Pal · Accepted Answer

Hi, Installment per months =Rs
  200rate = 9 % Collected after maturity =Rs
  2517 In recurring deposite, we have formula,S
I = P×nn+12×12×r100= 200×nn+12×12×9100=34nn+1Maturity value = 200n+34nn+1given Maturity value 2517 So 200n+34nn+1= 2517800n+3n2+3n = 100683n2+803n-10068= 0 3n2-36n+839n-10068= 0 3nn-12+839n-12=0n = 12 ,-8393but tim ecannot be negative so n = 12 month

!!!"DO NOT SEND ANY LINKS" .Answer the 6th question Q.6. On depositing Rs. 200 every month in a recurring deposit account, paying 9 % per annum interest, a person collected Rs. 2517 at maturity. Find the period for which the account was held.

!!!"DO NOT SEND ANY LINKS" .Answer the 6th question
Q.6. On depositing Rs. 200 every month in a recurring deposit account, paying 9 % per annum interest, a person collected Rs. 2517 at maturity. Find the period for which the account was held.