Mathematics
Haneef has a cumulative bank account and deposits ₹600 per month for a period of 4 years. If he gets ₹5880 as interest at the time of maturity, find the rate of interest per annum.
Related Questions
Sonia had a recurring deposit account in a bank and deposited ₹600 per month for 2½ years. If the rate of interest was 10% p.a., find the maturity value of this account.
Kiran deposited ₹200 per month for 36 months in a bank’s recurring deposit account. If the banks pays interest at the rate of 11% per annum, find the amount she gets on maturity?
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 the rate of interest.
Mr. Gupta opened a recurring deposit account in a bank. He deposited ₹2500 per month for two years. At the time of maturity he got ₹67500. Find:
(i) the total interest earned by Mr. Gupta.
(ii) the rate of interest per annum.