Mathematics
Suhani has a recurring deposit account in a bank of ₹2000 per month at the rate of 10% p.a. If she gets ₹83100 at the time of maturity, find the total time for which the account was held. Hint: Let the account be held for n months, then
Related Questions
Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets ₹1200 as interest at the time of maturity, find
(i) the monthly installment.
(ii) the amount of maturity.Mr. Nair gets ₹6455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly installment.
If Vijay opened a recurring deposit account in a bank and deposited ₹800 per month for 1½ years, then the total money deposited in the account is
- ₹11400
- ₹14400
- ₹13680
- none of these
Mrs. Asha Mehta deposit ₹250 per month for one year in a bank’s recurring deposit account. If the rate of (simple) interest is 8% per annum, then the interest earned by her on this account is
- ₹65
- ₹120
- ₹130
- ₹260