5. David opened a Recurring Deposit Account in a bank and deposited 3300 per monthfor two years. If he received 37725 at the time of maturity, find the rate of interest per annum. About the author Everleigh
Answer: I= PNR/100 for two years principal will be 3300×24=79200 Interest =37725 principal=79200 time= 2years 37725×100\79200×2 23•82% Reply
Answer:
I= PNR/100
for two years principal will be 3300×24=79200
Interest =37725
principal=79200
time= 2years
37725×100\79200×2
23•82%