Mathematics
A man has a Recurring Deposit Account in a bank for years. If the rate of interest is 12% per annum and the man gets ₹ 10,206 on maturity, find the value of monthly installments.
Related Questions
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?
Amit deposited ₹ 150 per month in a bank for 8 months under Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 8% per annum and interest is calculated at end of every month ?
Mr. Gulati has a Recurring deposit account of ₹ 300 per month. If the rate of interest is 12% and the maturity value of this account is ₹ 8100; find the time (in years) of this recurring deposit account.