Mr. Mathew has a 4 year recurring deposit account in UBI & deposits Rs.800 per
month. If he gets Rs.48200, at the time of maturity, find (i) the total interest
earned by him. (ii) the rate of interest.
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Answer:
9800 ,25.52
Step-by-step explanation:
800×12×4=38400
48200-38400=9800
9800/4=2450
(2450/9600)×100=25.52
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