dutta has a recurring deposit account for 2 years at 8 percent simple interest per annum .she receives rupees 1520 as interest on maturity
1. find the monthly installment
2.find then maturity amount
Answers
Step-by-step explanation:
Earn 4% interest p.a. on Savings Account balance above Rs. 1 lakh and 3.50% interest p.a. on Savings Account balance up to Rs. 1 lakh. Applicable for Resident Accounts only. The interest rates are subject to change. Visit www.kotak.com for latest information on interest rates.
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