Samad was planning on depositing a certain amount of money each month into a bank. He then decided not to make any contributions during May and June. To make the same annual contribution that he had originally planned, by what percent should he increase his monthly deposits?
Created: 6 years ago |
Updated: 3 years ago
best des
Let, amount of monthly deposit is Tk. 100
Amount of yearly deposite = 12×100 = Tk. 1200
In 10 month amount of deposit Tk. 1200
In 1 month amount of deposit Tk. 1200/10 = 120
Percentage increase in monthly deposit = 120 - 100 = 20 %
Md Azizur Rahman
Founder of Satt
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