Mathematics
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?
Related Questions
₹ 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%
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.