Mathematics
Mrs. Asha Mehta deposit ₹250 per month for one year in a bank’s recurring deposit account. If the rate of (simple) interest is 8% per annum, then the interest earned by her on this account is
- ₹65
- ₹120
- ₹130
- ₹260
Related Questions
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
Mr. Sharma deposited ₹500 every month in a cumulative deposit account for 2 years. If the bank pays interest at the rate of 7% per annum, then the amount he gets on maturity is
- ₹875
- ₹6875
- ₹10875
- ₹12875
Radha deposited ₹ 400 per month in a recurring deposit account for 18 months. The qualifying sum of money for the calculation of interest is :
₹ 3600
₹ 7200
₹ 68,400
₹ 1,36,800