Mr. Nair gets ₹6455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly installment.

Mrs. Asha Mehta deposit ₹250 per month for one year in a bank’s recurring deposit account. If the rate of (simple) interest is 8% per annum, then the interest earned by her on this account is

1. ₹65
2. ₹120
3. ₹130
4. ₹260

Mr. Sharma deposited ₹500 every month in a cumulative deposit account for 2 years. If the bank pays interest at the rate of 7% per annum, then the amount he gets on maturity is

1. ₹875
2. ₹6875
3. ₹10875
4. ₹12875