Question

6. (i) Puneet has a Recurring Deposit Account in
the Bank of Baroda and deposits * 140 per
month for 4 years. If he gets * 8,092 on
maturity, find the rate of interest given by
the bank.
(ii) David opened a Recurring Deposit Account
in a bank and deposited 300 per month
for two years. If he received 7,725 at the
time of maturity, find the rate of interest per
annum.​

Answer 1

David opened a Recurring Deposit Account

David opened a Recurring Deposit Accountin a bank and deposited 300 per month

David opened a Recurring Deposit Accountin a bank and deposited 300 per monthfor two years. If he received 7,725 at the

David opened a Recurring Deposit Accountin a bank and deposited 300 per monthfor two years. If he received 7,725 at thetime of maturity, find the rate of interest per

David opened a Recurring Deposit Accountin a bank and deposited 300 per monthfor two years. If he received 7,725 at thetime of maturity, find the rate of interest perannum.