Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets ₹ 1200 as interest at the time of maturity, find :

(i) the monthly instalment

(ii) the amount of maturity.

In a recurring deposit account, John deposits ₹ 500 per month for 24 months. If the interest he earns is one-tenth of his total deposit, the rate of interest is :

1. 4.8%

2. 9.6%

3. 7.2%

4. 3.2%

A certain money is deposited every month for 8 months in a recurring deposit account at 12% p.a. simple interest. If the interest at the time of maturity is ₹ 36, the monthly instalment is :

1. ₹ 200

2. ₹ 1000

3. ₹ 100

4. ₹ 500

In a recurring deposit account, Mohit deposited ₹ 5000 per month for one year and at maturity gets ₹ 67,500; the total interest earned is :

1. ₹ 60,000

2. ₹ 67,500

3. ₹ 52,500

4. ₹ 7,500