Question

Mr verma deposits rs 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 1

Step-by-step explanation:

P=250

n=36

MV=10,110

I=36*37*250*1*R/2*12*100

=555R/4

MV. =np+I

10110=9000+555R/2

10110-9000=555R/2

1110*2=555R

2220/555=R

4%=R