Mathematics
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.
Related Questions
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.
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.If Vijay opened a recurring deposit account in a bank and deposited ₹800 per month for 1½ years, then the total money deposited in the account is
- ₹11400
- ₹14400
- ₹13680
- none of these