Mathematics
Mr. Anuj deposits ₹500 per month for 18 months in a recurring deposit account at a certain rate. If he earns ₹570 as interest at the time of maturity, then his matured amount is:
₹(500 x 18 + 570)
₹(500 x 19 + 570)
₹(500 x 18 x 19 + 570)
₹(500 x 9 x 19 + 570)
GST
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Answer
Given,
Monthly deposit = ₹500
Number of months = 18
Interest earned = ₹570
By formula,
Matured amount = Total deposit + Interest
= Monthly deposit x number of months + Interest
= ₹(500 x 18 + 570)
Hence, option 1 is the correct option.
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