Mathematics
Ramesh deposits ₹ 2400 per month in a recurring deposit account deposit scheme of a bank for one year. If he gets ₹ 1248 as interest at the time of maturity, find the rate of interest. Also, find the maturity value of this deposit.
Ramesh deposits ₹ 2400 per month in a recurring deposit account deposit scheme of a bank for one year. If he gets ₹ 1248 as interest at the time of maturity, find the rate of interest. Also, find the maturity value of this deposit.