Ishaani has a Recurring Deposit account in Punjab National Bank and deposits Rs 400 per month for 3 years. If she gets Rs 16176 on maturity; find the rate of interest given by the bank.

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11%

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Solution

The correct option is A
8%

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Ishaani has a Recurring Deposit account in Punjab National Bank and deposits Rs 400 per month for 3 years. If she gets Rs 16176 on maturity; find the rate of interest given by the bank.

The correct option is A 8%

The correct option is A
8%