Mathematics
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.
Related Questions
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.
A recurring deposit is also known as:
maturity deposit
cumulative time deposit
regular saving deposit
investment fund deposit
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