1.

Rajat deposited Rs. 350 per month in his bank account for 8 months under the Recurring Deposit Scheme. What will be the maturity value of his deposit, if the rate of interest is 8% p.a. and the interest is calculated at the end of every month?

Answer» Rajat deposited Rs. 350 per month in his bank account for 8 months under the Recurring Deposit Scheme. What will be the maturity value of his deposit, if the rate of interest is 8% p.a. and the interest is calculated at the end of every month?


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