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Saloni deposited Rs 150 per month in her bank account for eight months under the Recurring Deposit scheme. What will be the maturity value of her deposit, if the rate of interest is 8% per anum and the interest is calculated at the end of every month? [3 MARKS]

Answer» Saloni deposited Rs 150 per month in her bank account for eight months under the Recurring Deposit scheme. What will be the maturity value of her deposit, if the rate of interest is 8% per anum and the interest is calculated at the end of every month?
[3 MARKS]


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