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ITP Week1 Chap2, 9.10.23
ITP Week1 Chap2, 9.10.23
2. Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs2500 per month 3
for 2 years. At the time of maturity he got Rs66,250, find:
(i) the total interest earned by Mr. Gupta,
(ii) the rate of interest per annum.
3. Aditi has a cumulative time deposit account in a bank. She deposits Rs 600 per month and 4
gets Rs 6165 at the time of maturity. If the rate of interest be 6% per annum, find the total
time for which the account was held.