Mathematics
Mr. Thomas has a 4 years cumulative time deposit account in Corporation Bank and deposits ₹650 per month. If he receives ₹36,296 at the time of maturity, find:
(i) the total interest earned by Mr. Thomas.
(ii) the rate of interest per annum.
Related Questions
Ahmed has a recurring deposit account in a bank. He deposits ₹2,500 per month for 2 years. If he gets ₹66,250 at the time of maturity, find:
(i) the interest paid by the bank
(ii) the rate of interest.
Mr. Gupta opened a recurring deposit account in a bank. He deposited ₹2,500 per month for 2 years. At the time of maturity he got ₹67,500. Find:
(i) the total interest earned by Mr. Gupta
(ii) the rate of interest per annum
Tanvy has a recurring deposit account in a finance company for 1½ years at 9% per annum. If she gets ₹15,426 at the time of maturity, how much per month has been invested by her?
Punam opened a recurring deposit account with Bank of Baroda for 1½ years. If the rate of interest is 6% per annum and the bank pays ₹11,313 on maturity, find how much Punam deposited each month?