Mathematics
₹ 800 per month is deposited in an R.D. account for one and half years. If the depositor gets ₹ 2,280 as interest at the time of maturity, the rate of interest is :
20%
15%
10%
12%
Related Questions
A man gets ₹ 1,404 as interest at the end of one year. If the rate of interest is 12% per annum in R.D. account, the monthly installment is :
₹ 1200
₹ 1800
₹ 2400
₹ 3600
Manish opened an R.D. account in a bank and deposited ₹ 1000 per month at the interest of 10% per annum and for 2 years. The total money deposited by him is :
₹ 12,000
₹ 24,000
₹ 2,400
₹ 4,000
Ashish deposits a certain sum of money every month in a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of 11% p.a. and Ashish gets ₹ 12715 as the maturity value of this account, what sum of money did he pay every month?