Rekha opened a recurring deposit account for 20 months. The rate of interest is 9% per annum And Rekha receives rupees 441 as interest at the time of maturity. Find the amount Rekha deposited each month.[3
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Answer:
n = 20 i = 0.0075 A = 20X+441
A = p [ (1+i)ñ-1/i ]
x = 295 rs
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