ICSE Class X Math 2016 Solved Paper

Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets ₹1200 as interest at the time of maturity, find :

Question : 46

Total: 57

the amount of maturity.

Solution:

‌∴‌ The amount of maturity ‌
‌=‌ Total money deposited + interest ‌
‌=24×800+1,200
‌=₹20,400

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