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Asked: 2021-03-16T15:00:51+05:30 In:

David opened a Recurring Deposit Account in a bank and deposited Rs. 300 per month for two years. If he received Rs. 7725 at the time of maturity, find the rate of interest per annum

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This is an important question from the Book- ML Aggarwal
Board- ICSE
Publication- Avichal
Chapter- Bankin8
Chapter number-2
This question has been asked in 2008 questions paper

David opened a Recurring Deposit Account in a bank and deposited Rs. 300 per month for two years. If he received Rs. 7725 at the time of maturity, find the rate of interest per annum

Question no.6 , ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.

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    1. Solution:
      Deposit during one month (P) = Rs. 300
      Period = 2 years = 24 months.
      Maturity value = Rs. 7725
      ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking Ex 2 Q6.1

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