Madhu deposits ₹240 per month for 2 year in a recurring deposit account in a bank if at the time of maturity she gets ₹6300 find the rate of interest
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to the answer the total rate of interest is 252 per month
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Answer:
rate = 9%
Step-by-step explanation:
interest = 540
540 = (240*24*24/(2*12)) * r/100
540 = 24*25*r/10
540=60r
9%=r
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