A person deposits a certain sum of money monthly in a recurring deposit for 2 years at 5percent per annum interest. At the end of 2 years, he receives rupees 312.50 as interest, find the sum deposited every month?
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2
Answer:
13 1/48
Step-by-step explanation:
Money received after 2 years = 312.50
Money deposited in 1 year = 312.50 ÷ 2= 156.25
Money deposited in 1 month = 156.25 ÷ 12 = 13 1/48
Answered by
4
Answer:
250.00 .. hope it helps u a lot
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