Bijoy opened a recurring deposit account for Rs.200 per
month at 10% p.a. If he gets Rs.6775 at the time of maturity,
find the maturity period i.e., time for which the account was
held.
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I = a - p
= 6775 - 200 = 6575
= t = I × 100 / rp
= 6575 × 100 / 200 × 10
= 657500 / 2000 = 328.75
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