mr brown deposits in rs.1100 per month in a cumulative time deposit account in a bank for 16 months. if at the end of maturity he gets rs.19096 find the rate of interest if interest is calculated at the end of each month
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amount= 19096
principle= 1100 x 16 = 1496
principle= 1100 x 16 = 1496
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Answer:
You're answer is 12%p.a
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