Mathematics
Puneet has a recurring deposit account in the Bank of Baroda and deposits ₹ 140 per month for 4 years. If he gets ₹ 8092 on maturity, find the rate of interest given by the bank.
Related Questions
Ashish deposits a certain sum of money every month in a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of 11% p.a. and Ashish gets ₹ 12715 as the maturity value of this account, what sum of money did he pay every month?
David opened a Recurring Deposit Account in a bank and deposited ₹ 300 per month for two years. If he received ₹ 7725 at the time of maturity, find rate of interest per annum.
Amit deposited ₹ 150 per month in a bank for 8 months under Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 8% per annum and interest is calculated at end of every month ?