Mathematics
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 ?
Related Questions
Puneet has a recurring deposit account in the Bank of Baroda and deposits ₹ 140 per month for 4 years. If he gets ₹ 8092 on maturity, find the rate of interest given by the bank.
David opened a Recurring Deposit Account in a bank and deposited ₹ 300 per month for two years. If he received ₹ 7725 at the time of maturity, find rate of interest per annum.
A recurring deposit account of ₹ 1200 per month has a maturity value of ₹ 12440. If the rate of interest is 8% and the interest is calculated at the end of every month; find the time (in months) of this Recurring Deposit Account.
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.