Mathematics
Manisha deposited ₹ 1,000 per month in a recurring deposit account for a period of 2(1/2)years. She received ₹ 33,100 at the time of maturity. Find : (i) the rate of interest (ii) how much less interest will Manisha receive, if she deposited ₹ 200 less per month at the same rate of interest and for the same time ?
Related Questions
Mr. Krishnan deposits ₹ 1,000 per month in a recurring deposit account with State Bank of India for 2 years at 8% p.a. simple interest
Based on above information answer the following :
(i) Find the equivalent principal for 1 month.
(ii) Find the amount of maturity Mr. Krishnan will get at the end of 2 years.
(iii) If the bank revised the rate of interest 6% p.a. from 8% p.a., then by how much the interest paid by the bank will be reduced.
A recurring deposit account is opened with Dena Bank, Meerut Cantt. For this ₹ 2,000 per month (at 10% p.a.) is deposited in the bank. If the maturity value is ₹ 25,300, find the total time for which account was held.
Mr. Ahuja deposited ₹ 500 per month in an R.D. account for a period of 3 years. He received ₹ 20,220 at the time of maturity. Find :
(i) rate of interest.
(ii) how much more interest Mr. Ahuja will receive, if he had deposited ₹ 100 more every month.
Premlata deposits ₹ 5,000 in an R.D. account at 8% p.a. rate of interest. How much per month must she deposit to get the same interest when the rate of interest is increased by 2%. Time in both the cases is same.