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Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. If the rate of interest is 8% per annum and Mr. Britto gets Rs 8088 from the bank after 3 years, find the value of his monthly instalment. [4 MARKS] |
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Answer» Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. If the rate of interest is 8% per annum and Mr. Britto gets Rs 8088 from the bank after 3 years, find the value of his monthly instalment. [4 MARKS] |
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