Question

1. Kishore opened a recurring deposit account in a bank and deposited 800 per month for 1
1
years.
2
If he received 315,084 at the time of maturity, find the rate of interest per annum.
2. Salma deposited 200 per month for 3 years in a recurring deposit scheme. If she received 8088 at
the time of maturity of the account, find the rate of interest per annum.​

Answer 1

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