Mathematics
Each of A and B opened a recurring deposit account in a bank. If A deposited ₹ 1200 per month for 3 years and B deposited ₹ 1500 per month for years: find, on maturity, who will get more amount and by how much ? The rate of interest paid by bank is 10% per annum.
Related Questions
Manish opened an R.D. account in a bank and deposited ₹ 1000 per month at the interest of 10% per annum and for 2 years. The total money deposited by him is :
₹ 12,000
₹ 24,000
₹ 2,400
₹ 4,000
₹ 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%
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?