Mathematics
Mohit opened a Recurring deposit account in a bank for 2 years. He deposits ₹1,000 every month and receives ₹25,500 on maturity. The interest he earned in 2 years is:
₹13,500
₹3,000
₹24,000
₹1500
Related Questions
If Ramesh Kumar has an R.D. in a post office, he has to deposit:
an amount only once
the same amount every month
a decreasing amount every month
an increasing amount every month
Naveen deposits ₹800 every month in a recurring deposit account for 6 months. If he receives ₹4,884 at the time of maturity, then the interest he earns is:
₹84
₹42
₹24
₹284
Mr. Anuj deposits ₹500 per month for 18 months in a recurring deposit account at a certain rate. If he earns ₹570 as interest at the time of maturity, then his matured amount is:
₹(500 x 18 + 570)
₹(500 x 19 + 570)
₹(500 x 18 x 19 + 570)
₹(500 x 9 x 19 + 570)