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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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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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