Mathematics
₹ P is deposited for n number of months in a recurring deposit account which pays interest at the rate of r% per annum. The nature and time of interest calculated is :
compound interest for n number of months
simple interest for n number of months
compound interest for one month
simple interest for one month
Related Questions
A retailer buys an article at its listed price from a wholesaler and sells it to a consumer in the same state after marking up the price by 20%. The list price of the article is ₹ 2500, and the rate of GST is 12%. What is the tax liability of the retailer to the central government?
₹ 0
₹ 15
₹ 30
₹ 60
Dev brought an electrical fan which has a marked price of ₹ 800. If the GST on the goods is 7%, then the SGST is :
₹ 24
₹ 28
₹ 56
₹ 80
Anwesha intended to open a Recurring Deposit account of ₹ 1000 per month for 1 year in a Bank, paying a 5% per annum rate of simple interest. The bank reduced the rate to 4% per annum. How much must Anwesha deposit monthly for 1 year so that her interest remains the same?
₹ 12325
₹ 1250
₹ 1200
₹ 1000
Mr. Das invests in ₹ 100, 12% shares of Company A available at ₹ 60 each. Mr. Singh invests in ₹ 50, 16% shares of Company B available at ₹ 40 each. Use this information to state which of the following statements is true.
The rate of return for Mr. Das is 12%
The rate of return for Mr. Singh is 10%
Both Mr. Das and Mr. Singh have the same rate of return of 10%
Both Mr. Das and Mr. Singh have the same rate of return of 20%