Question

what is a recurring deposit? how can it be calculated? please give me the answer I will mark him /her brainliest

Answer 1

The formula used is A = P(1+r/n) ^ nt, where 'A' represents final amount procured, 'P' represents principal, 'r' represents annual interest rate, 'n' represents the number of times that interest has been compounded, 't' represents the tenure. Is the interest paid on RDs compounded quarterly

Answer 2

Answer:

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