Mr. Britto deposits a certain sum of money each month into a recurring deposit account of a bank. If the rate of interest is 8% p. a. & Mr. Britto gets Rs.8088 from the bank after 3 years, find the value of his monthly installment?

Rs. 200

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Rs. 100

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Rs. 350

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Rs. 150

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Rs. 250

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Solution

The correct option is A
Rs. 200

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Mr. Britto deposits a certain sum of money each month into a recurring deposit account of a bank. If the rate of interest is 8% p. a. & Mr. Britto gets Rs.8088 from the bank after 3 years, find the value of his monthly installment?

The correct option is A Rs. 200

The correct option is A
Rs. 200