1.

Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs 1200 as interest at the time of maturity, find : (i) The monthly instalment (ii) The amount of maturity [3 MARKS]

Answer» Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs 1200 as interest at the time of maturity, find :
(i) The monthly instalment
(ii) The amount of maturity
[3 MARKS]


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