Katrina opened a recurring deposit account with a nationalised bank for a period of 2 years.if the bank pays interest at the rate of 6% p.a . and the monthly installment is rs 1000,find the interest in 2 years and maturity value
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Interest is Rs 1500
Maturity value is Rs 25500
Here is your answer !
Check the attachment !!
Interest is Rs 1500
Maturity value is Rs 25500
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