ICSE Class X Math 2016 Solved Paper
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Mohan has a recurring deposit account in a bank for 2 years at p.a. simple interest. If he gets as interest at the time of maturity, find :
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Question : 45 of 57
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the monthly instalment
Solution:
Here, the number of months for which the money is deposited = .
Let the monthly instalment be , then
Using the formula S.I.
Hence monthly instalment
Let the monthly instalment be , then
Using the formula S.I.
Hence monthly instalment
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