1.

David opened a Recurring Deposit Account in a bank and deposited Rs 300 per month for two years. If he received Rs 7725 at the time of maturity, find the rate of interest per annum. [4 MARKS]

Answer» David opened a Recurring Deposit Account in a bank and deposited Rs 300 per month for two years. If he received Rs 7725 at the time of maturity, find the rate of interest per annum.
[4 MARKS]


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