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Rekha opened a recurring deposit account for 20 months. The rate of interest is 9% per annum and Rekha receives

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Rekha opened a recurring deposit account for 20 months. The rate of interest is 9% per annum and Rekha receives 441 as interest at the time of maturity. Find the amount Rekha deposited each month.

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Here, n = 20, R = 9% p.a., Interest = Rs 441

Let the monthly deposit be of Rs x.

Hence, the monthly deposit is Rs 280.

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