Preeti has a recurring deposit account of ₹1,000 per month at 10% per annum. If she gets ₹5,550 as interest at the time of maturity, find the total time for which the account was held.

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.

Salman deposits ₹1,000 every month in a recurring deposit account for 2 years. If he receives ₹26,000 on maturity, find:

(i) the total interest Salman earns.

(ii) the rate of interest.

A recurring deposit is also known as:

1. maturity deposit

2. cumulative time deposit

3. regular saving deposit

4. investment fund deposit