Find the value of 5% of Rs.350
Compute the required value
Given, 5% of Rs.350
5% of Rs.350=5100×350
=17.5
Hence, the value of 5% of Rs.350 is 17.5
Mrs. Geeta deposited Rs 350 per month in a bank for I year and 3 months under the Recurring Deposit Scheme. If the maturity value of her deposits is Rs 5,565; find the rate of interrest per annum.