1.

A man opened a recurring deposit account with a bank and deposited Rs 250 per month. If the rate of interest is 12% per annum and the bank pays Rs 10665 on maturity, find the time for which he held the account.

Answer» A man opened a recurring deposit account with a bank and deposited Rs 250 per month. If the rate of interest is 12% per annum and the bank pays Rs 10665 on maturity, find the time for which he held the account.


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