Question

Help me please to solve the sum

Answer 1

Answer:

Deposit per month is 2,500 and for 2 years it is 60,000

At maturity he got 67,500 rupees so extra amount is 7,500

So interest earned by Mr Khanna is 7,500

Rate of interest per annum is 7,500/2=3,750/-

Hope you are satisfied with the answer

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