Mathematics
If Ramesh Kumar has an R.D. in a post office, he has to deposit:
an amount only once
the same amount every month
a decreasing amount every month
an increasing amount every month
Related Questions
In a recurring deposit (R.D.):
a person gets the same interest every month
a person gets the same maturity amount every year
a person deposits the same amount every month
the government deposits an amount equal to the interest every year.
Mohit opened a Recurring deposit account in a bank for 2 years. He deposits ₹1,000 every month and receives ₹25,500 on maturity. The interest he earned in 2 years is:
₹13,500
₹3,000
₹24,000
₹1500