On July 1, Rs 100 is deposited into a saving account.On the first day of every month after that, deposit is 12% more than the previous month. What will be the total amount of money saved after 20 deposit ?

• Approximately 7208.94rupees.
  
  1st deposit = 100
  2nd deposit = (100+ 100*12/100) = 112
  3rd deposit = (112+ 112*12/100) = 125.44
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  19th deposit = (686.55 + 686.55*12/100) = 770.94
  20th deposit = (770.94 + 770.94*12/100) = 863.45
  
  Total deposits = (100+112+125.44+140.49+157.34+176.22+197.37+221.05+247.58+277.29+310.56+347.82+389.56+436.31+488.67+547.31+612.99+686.55+770.94+863.45) = 7208.94rupees
  
  Don't know this one correct.
• 12 years agoHelpfull: Yes(2) No(1)
• p=100
  t=20
  r=12
  i=100*20*12/100
  amount after 20 deposit will be=Rs 340
• 12 years agoHelpfull: Yes(0) No(2)