Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs. 1200 as interest at the time of maturity, find: the monthly instalment. the amount of maturity. - Mathematics | Shaalaa.com
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Want to start saving but don’t know where to begin? A Recurring Deposit (RD) is one of the simplest ways! Here’s how it works: ✔️ You can open an RD account in any bank 🏦 Every month, on a fixed date, you deposit a set amount 💵 ✔️ The bank adds interest to your savings ✨ At the end of the term, you get back all your money plus interest 🎉 ✔️ This is a great way to build a saving habit step by step, especially for those who cannot deposit a big amount at once. Watch the full explanation in the
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