Mathematics
In a recurring deposit, the maturity value is given by: 1. (p × n) + I 2. p × n + I 3. (p × n + I)/100 4. (p × n) + I/100
Related Questions
A recurring deposit is also known as:
maturity deposit
cumulative time deposit
regular saving deposit
investment fund deposit
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.
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