Question

Meena has a Recurring Deposit Account in Punjab National Bank and deposits 400 per

month for three years. If she gets 16,176 on maturity, find the rate of interest given

by the bank.

10% p.a.

8% p.a.

9% p.a.

8.5% p.a

Answer 1

Answer:

I am going to tell you step

Step I 400/16176 X 100 And in send third and fourth you will do same so At last Add all toghter whatever you get And then minus from 16,176