Mohan deposited Rs.80 per month in a cumulative deposit account for six years. Find the amount payable to him on maturity, if the rate of interest is 6 % per annum.

6820.20

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6830.20

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6811.20

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6711.20

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6831.20

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Solution

The correct option is C
6811.20

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Mohan deposited Rs.80 per month in a cumulative deposit account for six years. Find the amount payable to him on maturity, if the rate of interest is 6 % per annum.

The correct option is C 6811.20

The correct option is C
6811.20