Mathematics

Assertion (A) : Mr. Sharma deposited ₹ 80 per month in a cumulative deposit account for 6 years at the rate of 6% p.a. Qualifying sum of his whole deposit = ₹ 6811.20 Reason (R) : Let a sum ₹ P be deposited every month in a bank for n months. If the rate of interest be r% p.a., then interest on the whole deposit (I) = P x n(n + 1)/12 x r/100. 1. A is true, R is false. 2. A is false, R is true. 3. Both A and R are true. 4. Both A and R are false.

Banking

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