1.

Mrs Mathew opened a Recurring Deposit Account in a certain bank and deposited Rs 640 per month for 412 years. Find the maturity value of this account, if the bank pays interest at the rate of 12 % per year.

Answer»

Mrs Mathew opened a Recurring Deposit Account in a certain bank and deposited Rs 640 per month for 412 years. Find the maturity value of this account, if the bank pays interest at the rate of 12 % per year.



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