1.

Amit deposits Rs 150 per month in a bank for 8 months under the Reccurring Deposit Scheme.What will be the maturity value of his deposit,if he rate of interest is 8% p.a and interest is calculated at the end of every month.

Answer» Amit deposits Rs 150 per month in a bank for 8 months under the Reccurring Deposit Scheme.What will be the maturity value of his deposit,if he rate of interest is 8% p.a and interest is calculated at the end of every month.


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