Mr. Gupta-opened a recurring deposit account in a bank. He deposited Rs. 2500 per month for two years. At the time of maturity he got Rs. 67500. Find :
(i) the total interest earned by Mr. Gupta.
(ii) the rate of interest per annum.
Solution:
Deposit per month = Rs. 2500
Period = 2 years = 24 months
Maturity value = Rs. 67500
Shahrukh opened a Recurring Deposit Account in a bank and deposited Rs 800 per month for 
years. If he received Rs 15084 at the time of maturity, find the rate of interest per annum.
Solution:
Money deposited by Shahrukh per month (P)= Rs 800
r = ?
