Question

Mr. Sonu has a recurring deposit account and deposits ₹ 750 per month for 2 years If he gets ₹ 19312.50 at the time of maturity, find the rate of interest

Answer 1

Answer:

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Answer:

Step-by-step explanation:

M.V = PXN+PXN(N+1)÷2X12XR÷100

I got the answer as:

Rate of interest = 6%

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