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