This is an important question from the Book- ML Aggarwal
This question has been asked in previous year question paper.
Shweta deposits Rs. 350 per month in a recurring deposit account for one year at the rate of 8% p.a. Find the amount she will receive at the time of maturity.
Question no. 1, ML Aggarwal, exercise 2, chapter 2, ICSE board, class10, banking.
Deposit per month = Rs 350,
Rate of interest = 8% p.a.
Period (x) = 1 year
= 12 months