Mathematics
Neema had a recurring deposit account in a bank and deposited ₹ 600 per month for 2(1/2) years. If the rate of interest was 10% per annum, find the maturity value of this account.
Related Questions
Mrs Goswami deposits ₹1000 per month in a recurring deposit account for 3 years at 8% interest per annum. Find the matured value.
Inderjeet opened a cumulative time deposit account with Punjab National Bank. He deposited ₹360 per month for 2 years. If the rate of interest be 7% per annum, how much did he get at the time of maturity?
Mr. Richard has a recurring deposit account in a bank for 3 years at 7.5% per annum simple interest. If he gets ₹8,325 as interest at the time of maturity, find:
(i) The monthly deposit,
(ii) The maturity value.