Joseph has a recurring deposit account in a bank for two years at the rate of 8% per annum simple interest.

If at the time of maturity Joseph receives ₹2,000 as interest, then the monthly instalment is:

1. ₹1,200

2. ₹600

3. ₹1,000

4. ₹1,600

Joseph has a recurring deposit account in a bank for two years at the rate of 8\% per annum simple interest.

The total amount deposited in the bank is:

1. ₹25,000

2. ₹24,000

3. ₹26,000

4. ₹23,000

Joseph has a recurring deposit account in a bank for two years at the rate of 8\% per annum simple interest.

If the monthly instalment is ₹100 and the rate of interest is 8\%, in how many months Joseph will receive ₹52 as interest?

1. 18

2. 30

3. 12

4. 6

Assertion (A) : Sunidhi deposits ₹1,600 per month in a bank for $1\dfrac{1}{2}$ years in a recurring deposit account at 10% p.a. She gets ₹31,080 on maturity.

Reason (R): Maturity value is given by MV = (P x n) - S.I.

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.