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Asked: 2021-03-16T15:12:15+05:30 In:

Samita has a recurring deposit account in a bank of Rs 2000 per month at the rate of 10% p.a. If she gets Rs 83100 at the time of maturity. Find the total time for which the account was held.

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This is an important question from the Book- ML Aggarwal
Board- ICSE
Publication- Avichal
Chapter- Banking
Chapter number-2
Samita has a recurring deposit account in a bank of Rs 2000 per month at the rate of 10% p.a.

If she gets Rs 83100 at the time of maturity.

Find the total time for which the account was held.

Question no11. , ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.

bankingclass10icse boardml aggarwal solutions
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    1 Answer

    1. Deposit per month = Rs 2000,
      Rate of interest = 10%, Let period = n months
      ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking Ex 2 Q11.1
      ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking Ex 2 Q11.2

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