Mr. Siddhant opened a recurring deposit account in a bank. He deposited in the installment of Rs. 2500 per month for two years. At the time of maturity he received an amount of Rs. 67,500. Calculate the rate of interest per annum.

Mr. Siddhant opened a recurring deposit account in a bank. He deposite

1.	Mr. Siddhant opened a recurring deposit account in a bank. He deposited in the installment of Rs. 2500 per month for two years. At the time of maturity he received an amount of Rs. 67,500. Calculate the rate of interest per annum.
Answer» Mr. Siddhant opened a recurring deposit account in a bank. He deposited in the installment of Rs. 2500 per month for two years. At the time of maturity he received an amount of Rs. 67,500. Calculate the rate of interest per annum.