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Ahmed has a recurring deposit account in a bank. He deposits Rs.2500 per month for 2 years. If he gets Rs.66,250 at the time of maturity. Find the rate of interest.

Ahmed has a recurring deposit account in a bank. He deposits Rs.2500 per month for 2 years. If he gets Rs.66,250 at the time of maturity. Find the rate of interest.

Grade:12th pass

1 Answers

Pawan Prajapati
askIITians Faculty 60796 Points
2 months ago
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