Mathematics
Shilpa has a 4 year recurring deposit account in Bank of Maharashtra and deposits ₹800 per month. If she gets ₹48200 at the time of maturity, find
(i) the rate of (simple) interest,
(ii) the total interest earned by Shilpa
Related Questions
Rajiv Bhardwaj has a recurring deposit account in a bank of ₹600 per month. If the bank pays simple interest of 7% p.a. and he gets ₹15450 as maturity amount, find the total time for which the account was held.
In a recurring deposit account for 2 years, the total amount deposited by a person is ₹ 9600. If the interest earned by him is one-twelfth of his total deposit, then find :
(a) the interest he earns
(b) his monthly deposit
(c) the rate of interest
Suresh has a recurring deposit account in a bank. He deposits ₹2000 per month and the bank pays interest at the rate of 8% per annum. If he gets ₹1040 as interest at the time of maturity, find in years total time for which the account was held.
Mr. Sameer has a recurring deposit account and deposits ₹ 600 per month for 2 years. If he gets ₹ 15600 at the time of maturity, find the rate of interest earned by him.