Quantcast

A community for students. Sign up today!

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

jayajoe

  • 2 years ago

sam deposited Rs. 350 per month for 6 years in a recurring deposit account in a post office. If she received Rs.32,865, then what is the rate of interest?

  • This Question is Open
  1. pratu043
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    Total principal = 350 * 6 * 12 You can find the total principal amount deposited like this but is it simple or compound interest?

  2. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Ask a Question
Find more explanations on OpenStudy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.