Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets ₹ 1,200 as interest at the time of maturity, find :

(i) the monthly instalment

(ii) the amount of maturity

(iii) If Mohan decreases his monthly installment by 20%, how much less interest will he get at the same rate of interest and for the same time ?

Mr. Anil has a recurring deposit account. He deposits a certain amount of money per month for 2 years. If he received an interest whose value is the double of the deposit made per month, then find the rate of interest.

₹ 50 per month is deposited for 20 months in a recurring deposit account. If the rate of interest is 10%; the maturity value is :

1. ₹ 187.50

2. ₹ 87.50

3. ₹ 2175

4. ₹ 1087.50

A certain money is deposited every month for 8 months in a recurring deposit account at 12% p.a. simple interest. If the interest at the time of maturity is ₹ 36, the monthly instalment is :

1. ₹ 200

2. ₹ 1000

3. ₹ 100

4. ₹ 500