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3 years ago

6

beena has a cumulative deposit account rs.400 per month at 10% per annum simple interest. if she gets rs.30100 at the time of ma

turity, find the total time for which the account was held.

1 answer:

Dima020 [189]3 years ago

6 0

Answer:T=1.54yr

Step-by-step explanation:

Formulate for simple interest

I=prt/100

T=100I/pr

T=100×400×12/30100×10

T=1.54yr

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