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
Shahrukh opened a Recurring Deposit Account in a bank and deposited Rs 800 per month for 112 years. If he received Rs 15084 at the time of maturity, find the rate of interest per annum
Question no.8 , ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.
Solution:
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Money deposited by Shahrukh per month (P)= Rs 800
r = ?