amit deposits rs. 1600 per month in a bank for 18 months in a recurring deposit account. if he gets rs. 31,080 at the time of maturity , what is the rate of interest per annum
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1600*18=28800
Interest=31080-28800=2880
Let interest be r
2880=28800*r*1.5/100
R=10/1.5
Interest=31080-28800=2880
Let interest be r
2880=28800*r*1.5/100
R=10/1.5
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