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 of 57

Marks: +1, -0

the amount of maturity.

Solution:

\; ∴ \;\text " The amount of maturity "\;

\;=\;\text " Total money deposited + interest "\;

\;=24 × 800+1,200

\;=₹ 20,400

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