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.

Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets ₹ 1200 as interest at the time of maturity, find :

(i) the monthly instalment

(ii) the amount of maturity.

₹ 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