Salman deposits ₹ 1000 every month in a recurring deposit account for 2 years. If he receives ₹ 26000 on maturity, find: (a) the total interest Salman earns. (b) the rate of interest.

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CASE_STUDIESCalculation of Interest on Recurring Deposit Using Equivalent Principal MethodCalculation of Maturity Value of Recurring Deposit2 sub-questions

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Mrs. Rao deposited ₹250 per month in a recurring deposit account for a period of 3 years. She received ₹10,110 at the time of maturity. Find:

CASE_STUDIESCalculation of Interest on Recurring Deposit Using Equivalent Principal MethodCalculation of Maturity Value of Recurring Deposit

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