Mathematics
Manish opened an R.D. account in a bank and deposited ₹ 1000 per month at the interest of 10% per annum and for 2 years. The total money deposited by him is :
₹ 12,000
₹ 24,000
₹ 2,400
₹ 4,000
Banking
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Answer
Given,
Money deposited per month (P) = ₹ 1000
Time (n) = 24 months (or 2 years)
Money deposited = P × n = 1000 × 24 = ₹ 24000.
Hence, Option 2 is the correct option.
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