A man deposit
deposit 900rs per month in
recurring
depont account for 2years . if he gets 1800rs as interest on maturity find rate of interest
Answers
Answered by
1
Step-by-step explanation:
I = P×n×(n+1)×r / 2×12×100
1800 = (900 × 24 × 25 × r)/2400
r = (2400 × 1800) / 900 × 24 × 25
r = 200 / 25 => 8%
Similar questions