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

Assertion (A) : In a cumulative deposit account, a man deposited ₹ 5,000 per month for 6 months and received ₹ 33,000 on maturity. The interest received by him is ₹ 3,000.

Reason (R) : Interest received in a cumulative deposit account = Maturity value - Total sum deposited

1. A is true, R is false.

2. A is false, R is true.

3. Both A and R are true.

4. Both A and R are false.