Ahmed has a recurring deposit account in a bank. He deposits Rs. 2,500 per month for 2 years. If he gets Rs. 66,250 at the time of maturity, find the interest paid by the bank & rate of interest.

6150, 10%

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6150, 12%

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6150, 15%

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6250, 10%

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6250, 12%

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6250, 15%

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Solution

The correct option is D
6250, 10%

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Ahmed has a recurring deposit account in a bank. He deposits Rs. 2,500 per month for 2 years. If he gets Rs. 66,250 at the time of maturity, find the interest paid by the bank & rate of interest.

The correct option is D 6250, 10%

The correct option is D
6250, 10%