This is an important question from the Book- ML Aggarwal
This question has been asked in 2007 paper so it is very important question from this chapter.
Saloni deposited Rs 150 per month in a bank for 8 months under the Recurring Deposit Scheme. ‘What will be the maturity value of his deposit if the rate of interest is 8% per annum ?
question no 2, ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.