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Maturity value of recurring deposits - class-X

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Multiple Choice

Mr Bittu deposits a certain sum of money each month in a recurring deposit account. If the rate of interest is $8%$ per annum and Mr Bittu gets Rs $8,088$ from the bank after $3$ years. Find the value of his monthly instalment.

  1. $400$
  2. $800$
  3. $200$
  4. $140$
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