₹ 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

A certain money is deposited in a recurring deposit account for 15 months, If the interest earned for this deposit is one-fifth of the monthly instalment; the rate of interest is :

1. 6%

2. 2%

3. 10%

4. 4%

Assertion (A) : In a cumulative deposit account, a man deposited ₹ 5,000 per month for 6 months and received ₹ 33,000 on maturity. The interest received by him is ₹ 3,000.

Reason (R) : Interest received in a cumulative deposit account = Maturity value - Total sum deposited

1. A is true, R is false.

2. A is false, R is true.

3. Both A and R are true.

4. Both A and R are false.