This is an important question from the Book- ML Aggarwal
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.