(b) Mr Rao has a cumulative deposit account for 3 years at 7% interest pa. She receives 7,977 as
the maturity amount after three years
() Find the monthly deposit
(ii) Find the total interest receivable after maturity
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(b) Mr Rao has a cumulative deposit account for 3 years at 7% interest pa. She receives 7,977 as
the maturity amount after three years
() Find the monthly deposit
(ii) Find the total interest receivable after maturity
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Answer:
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