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calculated at the end of every month

& Shabnam deposited 150 per month in a bank for 2 years under the recurring deposit

Question

calculated at the end of every month

& Shabnam deposited 150 per month in a bank for 2 years under the recurring deposit scheme.

What will be the maturity value of her deposits, if the rate of interest is 7% pa and the interestis

calculated half yearly?

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Mathematics
2 months
2021-08-02T04:32:35+00:00
2021-08-02T04:32:35+00:00 1 Answers
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## Answers ( )

Answer:given

p=150€

n=2×12=24 month

r=7%

soln