1 Mar 2023

Mr. Bajaj needs Rs 30000 after 2 years. What least money (multiple of 5) must he deposite every month in a recurring deposit account to get required money at the end of 2 years, the rate of interest being 8% p.a. ?

 

Mr. Bajaj needs Rs 30000 after 2 years. What least money (multiple of 5) must he deposite every month in a recurring deposit account to get required money at the end of 2 years, the rate of interest being 8% p.a. ?
Mr. Bajaj needs Rs 30000 after 2 years. What least money (multiple of 5) must he deposite every month in a recurring deposit account to get required money at the end of 2 years, the rate of interest being 8% p.a. ?



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