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ICSE Class X Math 2014 Paper
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Question : 7 of 52
Marks:
+1,
-0
Shahrukh opened a Recurring Deposit Account in a bank and deposited per month for years. If he received at the time of maturity, find the rate of interest per annum.
Solution:
Here, money deposited per month ₹ 800 Time for which the money is deposited Let the rate of interest be per annum, then Total money deposited Since money deposited + interest Maturity value Hence, rate of interest p.a.
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