Amit deposited Rs. 150 per month in a bank for 8 months under the Recurring *** scheme, What will be the maturity value of his deposits, if the rate of interest is 8% per annum and interest is calculated at the end of every month?
The amount that Manish will get at the time of maturity
= Rs (150 × 8) + Rs. 36
= Rs. 1,200 + Rs. 36
= Rs. 1,236 Ans
