Mathematics
Assertion (A) : Sunidhi deposits ₹1,600 per month in a bank for years in a recurring deposit account at 10% p.a. She gets ₹31,080 on maturity. Reason (R): Maturity value is given by MV = (P x n) - S.I. 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.
Related Questions
Joseph has a recurring deposit account in a bank for two years at the rate of 8\% per annum simple interest.
The total amount deposited in the bank is:
₹25,000
₹24,000
₹26,000
₹23,000
Joseph has a recurring deposit account in a bank for two years at the rate of 8\% per annum simple interest.
The amount Joseph receives on maturity is:
₹27,000
₹25,000
₹26,000
₹28,000
Joseph has a recurring deposit account in a bank for two years at the rate of 8\% per annum simple interest.
If the monthly instalment is ₹100 and the rate of interest is 8\%, in how many months Joseph will receive ₹52 as interest?
18
30
12
6