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Asked: 2021-03-16T15:10:16+05:30 In:

Mr. R.K. Nair gets Rs 6,455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly instalment.

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This is an important question from the Book- ML Aggarwal
Board- ICSE
Publication- Avichal
Chapter- Banking
Chapter number-2
This question has been asked in previous years question paper and can be asked again

Mr. R.K. Nair gets Rs 6,455 at the end of one year at the rate of 14% per annum in a recurring deposit account.

Find the monthly instalment.

Question no.10  , ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.

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    1 Answer

    1. Solution:
      Let monthly instalment is Rs P
      here n = 1 year = 12 months
      n = 12
      ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking Ex 2 Q10.1

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