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Rohit has a recurring deposit account in State Bank of India. He deposits Rs 2500 per month for a time period of 2 years. At the time of maturity he receives Rs 66250. What is the interest paid by the bank? Also calculate the rate of interest. |
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Answer» Rohit has a recurring deposit account in State Bank of India. He deposits Rs 2500 per month for a time period of 2 years. At the time of maturity he receives Rs 66250. What is the interest paid by the bank? Also calculate the rate of interest. |
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