1.

Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs 1,200 as interest at the time of maturity, find : (i) the monthly instalment (ii) the amount of maturity.

Answer»

Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs 1,200 as interest at the time of maturity, find :

(i) the monthly instalment

(ii) the amount of maturity.



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