Mathematics

Rohit and Vinay both opened a recurring deposit account in a bank for 2 years at 8% simple interest. Vinay deposited ₹ 300 per month. On maturity, Rohit’s interest was ₹ 800 more than Vinay’s interest. Find:

(a) interest earned by Vinay.

(b) sum deposited by Rohit every month.

Banking

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