1.

Ahmed has a Recurring Deposit Account in a bank. He deposits Rs2,500 per month for 2 years. If he gets Rs 66,250 at the time of maturity, find (i) The interest paid by the bank (ii) The rate of interest.

Answer»

Ahmed has a Recurring Deposit Account in a bank. He deposits Rs2,500 per month for 2 years. If he gets Rs 66,250 at the time of maturity, find
(i) The interest paid by the bank
(ii) The rate of interest.



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