This is an important question from the Book- ML Aggarwal
This question has been asked in 2016 paper.
Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs 1200 as interest at the time of maturity,
find: (i) the monthly instalment
(ii) the amount of maturity.
Question no.9 , ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.