Mr. Sonu has a recurring deposit account and deposits ₹750 per month for 2 years. If he gets ₹19,125 at the time of maturity, find the rate of interest.

Salman deposits ₹1,000 every month in a recurring deposit account for 2 years. If he receives ₹26,000 on maturity, find:

(i) the total interest Salman earns.

(ii) the rate of interest.

In a recurring deposit (R.D.):

1. a person gets the same interest every month

2. a person gets the same maturity amount every year

3. a person deposits the same amount every month

4. the government deposits an amount equal to the interest every year.

In a recurring deposit, the maturity value is given by:

1. $(P \times n) + I$

2. $P \times n \times I$

3. $\dfrac{P \times n \times I}{100}$

4. $\dfrac{(P \times n) + I}{100}$