Mathematics
Assertion (A) : In a cumulative deposit account, a man deposited ₹ 5,000 per month for 6 months and received ₹ 33,000 on maturity. The interest received by him is ₹ 3,000.
Reason (R) : Interest received in a cumulative deposit account = Maturity value - Total sum deposited
A is true, R is false.
A is false, R is true.
Both A and R are true.
Both A and R are false.
Answer
Given,
In a cumulative deposit account, a man deposited ₹ 5,000 per month for 6 months and received ₹ 33,000 on maturity.
Money deposited = ₹ 5,000 × 6 = ₹ 30,000
Maturity value = ₹ 33,000
Interest earned = Maturity value - Money deposited = ₹ 33,000 - ₹ 30,000 = ₹ 3,000.
∴ Assertion is true.
By formula,
Interest received in a cumulative deposit account = Maturity value - Total sum deposited
∴ Reason is true.
Hence, Option 3 is the correct option.
Related Questions
Assertion (A) : A dealer in Indore (M.P.) sells goods worth ₹ 75,000 to a dealer in Jaipur (Rajasthan). If the rate of GST is 18%, then the CGST share of Rajasthan is 9% of ₹ 75,000.
Reason (R) : In inter-state transaction, GST is 18% of the whole transaction.
A is true, R is false.
A is false, R is true.
Both A and R are true.
Both A and R are false.
Assertion (A) : For a trader X, GST paid is ₹ 600 and GST collected is ₹ 720. Therefore GST paid by the trader to the State Government is ₹ 120.
Reason (R) : GST deposited with the government = Output Tax - Input Tax = GST Collected - GST Paid
A is true, R is false.
A is false, R is true.
Both A and R are true.
Both A and R are false.
Assertion (A) : On ₹ 100 shares of a company, a dividend of 10% is paid. A man receives ₹ 6000 as his total dividend on investing ₹ 60,000.
Reason (R) : Total dividend received in this case = 10% × ₹ 60,000.
A is true, R is false.
A is false, R is true.
Both A and R are true.
Both A and R are false.