Mathematics
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 installment.
(ii) the amount of maturity.
Related Questions
Om has recurring deposit account and deposits ₹ 750 per month for 2 years. If he gets ₹ 19,125 at the time of maturity, find the rate of interest.
Rekha opened a recurring deposit account for 20 months. The rate of interest is 9% per annum and Rekha receives ₹441 as interest at the time of maturity. Find the amount Rekha deposited each month.
Mr. Nair gets ₹6455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly installment.