1.

Rishabh has a recurring deposit account in a post office for 3 years at 8% p.a. simple interest. If he gets Rs 9,990 as interest at the time of maturity, find: (i) the monthly instalment. (ii) the amount of maturity.

Answer»

Rishabh has a recurring deposit account in a post office for 3 years at 8% p.a. simple interest. If he gets Rs 9,990 as interest at the time of maturity, find:

(i) the monthly instalment.

(ii) the amount of maturity.



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