Mr. Gupta opened a recurring deposit account in a bank. He deposited �

1.	Mr. Gupta opened a recurring deposit account in a bank. He deposited ₹ 2500 per month for two years. At the time of maturity he got ₹ 67500. Find:i) the total interest earned by Mr. Gupta. ii) the rate of interest per annum.
Answer» Step-by-step explanation: Mr. Gupta opened a RECURRING deposit account in a bank. He DEPOSITED ₹ 2500 per month for two years. At the TIME of maturity he got ₹ 67500. Find: i) the total INTEREST earned by Mr. Gupta. ii) the rate of interest per annum.

Mr. Gupta opened a recurring deposit account in a bank. He deposited ₹ 2500 per month for two years. At the time of maturity he got ₹ 67500. Find:i) the total interest earned by Mr. Gupta. ii) the rate of interest per annum.

Answer»

Step-by-step explanation:

Mr. Gupta opened a RECURRING deposit account in a bank. He DEPOSITED ₹ 2500 per month for two years. At the TIME of maturity he got ₹ 67500. Find:

i) the total INTEREST earned by Mr. Gupta.

ii) the rate of interest per annum.

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Mr. Gupta opened a recurring deposit account in a bank. He deposited ₹ 2500 per month for two years. At the time of maturity he got ₹ 67500. Find:i) the total interest earned by Mr. Gupta. ii) the rate of interest per annum.​

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Mr. Gupta opened a recurring deposit account in a bank. He deposited ₹ 2500 per month for two years. At the time of maturity he got ₹ 67500. Find:i) the total interest earned by Mr. Gupta. ii) the rate of interest per annum.