Mathematics
Mr. Bajaj needs ₹ 30000 after 2 years. What least money (in multiple of ₹ 5) must be deposit every month in a recurring deposit account to get required money at the end of 2 years, the rate of interest being 8% p.a.?
Related Questions
Ritu has a Recurring Deposit Account in a bank and deposits ₹ 80 per month for 18 months. Find the rate of interest paid by the bank if the maturity value of this account is ₹ 1554.
The maturity value of a R.D. Account is ₹3,320. If the monthly instalment is ₹400 and the rate of interest is 10%; find the time (period) of this R.D. Account.
Mr. Richard has a recurring deposit account in a post office for 3 years at 7.5% p.a. simple interest. If he gets ₹ 8325 as interest at the time of maturity, find :
(i) the monthly installment.
(ii) the amount of maturity.
Gopal has a cumulative deposit account and deposits ₹ 900 per month for a period of 4 years. If he gets ₹ 52020 at the time of maturity, find the rate of interest.