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Asked: 2021-03-16T14:58:49+05:30 In:

Haneef has a cumulative bank account and deposits Rs. 600 per month for a period of 4 years. If he gets Rs. 5880 as interest at the time of maturity, find the rate of interest.

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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 previous year question paper.

Haneef has a cumulative bank account and deposits Rs. 600 per month for a period of 4 years. If he gets Rs. 5880 as interest at the time of maturity, find the rate of interest.

Question no.5 , ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.

bankingicse10ml aggarwal
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    1 Answer

    1. Solution:
      Interest = Rs. 5880
      Monthly deposit (P) = Rs. 600
      ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking Ex 2 Q5.1

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