A person invests Rs 6000 every month for 8 years at compound interests For the next 13 years, - Maths - Commercial Mathematics

Question

A person invests Rs 6000 every month for 8 years at compound
interests For the next 13 years, he does not put any more money but
the money already invested keeps incrementing at the same rate of
interest If at the end of a total 21 years (8+13) he receives Rs 17
50 000, find the rate of interest

Pragya · Answer

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