Mr verma deposits ₹ 250 per month in a reccuring deposit amount for a period of 3 years and gets rs 10, 110 at the time of maturity find the rate %
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Answer:
Monthly instalment: 250
time: 3 years = 36 months,
Amount deposited =
i)Maturity value = 10,110
ii)Interest = (10,110 - 9000) = 1,110
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