Rajiv bhardwaj has a recurring deposit account in a bank of rs600 per month. If the bank pays simple interest of 7 percent pa and he gets rs15450 as maturity amount find the total time for which the account was held
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yearly deposit=600*12=7200
amount-principal=interest
15450-7200=7200*7/100*x
8250=7200*7/100*x
8250/72*7=x
x=16.36
amount-principal=interest
15450-7200=7200*7/100*x
8250=7200*7/100*x
8250/72*7=x
x=16.36
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