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The maturity value of a cumulative deposit account is Rs. 1,20,400. If each monthly instalment for this account is Rs. 1,600 and the rate of interest is 10% per year, find the time for which the account was held.

The maturity value of a cumulative deposit account is Rs. 1,20,400. If each monthly instalment for this account is Rs. 1,600 and the rate of interest is 10% per year, find the time for which the account was held.

Grade:12th pass

1 Answers

Pawan Prajapati
askIITians Faculty 60796 Points
2 months ago
Our expert is working on this Class VII Maths answer. We will update the answer very soon.

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