Ajit deposited rupees 200 per month in a bank for six month under the recurring deposit scheme what will be the maturity value of his deposit if the rate of interest is 6% per annum and the interest is calculated at the end of every month?
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Jayantks:
sorry but i too got the same answer but answer given in book is 1223
Answer give can be incorrect ...hope so....
Try to clarify with your teacher then...
ok
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