A cumulative deposit account of monthly installment of 3600 at 9 percent per annum simple intrest earns an interest of 17982. find the number of installments paid ?
A cumulative deposit account of monthly installment of 3600 at 9 percent per annum simple intrest earns an interest of 17982. find the number of installments paid ?
Answers (1)
Given Monthly installment =
The amount of interest on each deposit in every month
=
If is the number of deposit made then the total amount on all deposit