Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 11

HARD

10th ICSE

IMPORTANT

Earn 100

Mohan has a recurring deposit account in a bank for $2$ years at $6 %$ p.a. simple interest. If he gets $₹ 1, 200$ as interest at the time of maturity, find:

the monthly instalment.

Important Questions on Banking (Recurring Deposit Accounts)

HARD

10th ICSE

IMPORTANT

Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 11

Mohan has a recurring deposit account in a bank for $2$ years at $6 %$ p.a. simple interest. If he gets $₹ 1, 200$ as interest at the time of maturity, find:

the amount of maturity.