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Mathematics

Mr. Rahul deposited ₹ 11,700 in a recurring deposit account for 1 12\dfrac{1}{2} years. The amount deposited by him per month is :

  1. ₹ 650

  2. ₹ 780

  3. ₹ 6,500

  4. ₹ 7,800

Banking

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Answer

Given,

Time = 1121\dfrac{1}{2} years = 18 months

Amount deposited = ₹ 11,700

Amount deposited per month

= Total amount depositedTotal number of months\dfrac{\text{Total amount deposited}}{\text{Total number of months}}

= 1170018\dfrac{11700}{18}

= ₹ 650.

Hence, option 1 is the correct option.

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