1.

Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs 2,500 per month for two years. At the time of maturity he got Rs 67,500. Find: (i) the total interest earned by Mr. Gupta (ii) the rate of interest per annum.

Answer»

Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs 2,500 per month for two years. At the time of maturity he got Rs 67,500. Find:

(i) the total interest earned by Mr. Gupta

(ii) the rate of interest per annum.



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