imavampireblehbleh imavampireblehbleh

22-03-2020
Mathematics

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

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fayemioluwatomisin fayemioluwatomisin

22-03-2020

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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