Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs.2,500 per month for 2 years. At the time of maturity he got Rs.67,500. Find the rate of interest offered by the bank.

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

1.	Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs.2,500 per month for 2 years. At the time of maturity he got Rs.67,500. Find the rate of interest offered by the bank.
Answer» Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs.2,500 per month for 2 years. At the time of maturity he got Rs.67,500. Find the rate of interest offered by the bank.