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Solution: Deposit per month = Rs 350, Rate of interest = 8% p.a. Period (x) = 1 year = 12 months
Solution: Deposit per month = Rs. 150 Rate of interest = 8% per Period (x) = 8 month
Solution: Deposit per month (P) = Rs. 1000 Period = 3 years = 36 months Rate = 8%
Solution: Amount deposited month (P) = Rs. 200 Period (n) = 36 months, Rate (R) = 11% p.a. Now amount deposited in 36 months = Rs. 200 x 36 = Rs 7200
Solution: Interest = Rs. 5880 Monthly deposit (P) = Rs. 600
Solution: Deposit during one month (P) = Rs. 300 Period = 2 years = 24 months. Maturity value = Rs. 7725
Solution: Deposit per month = Rs. 2500 Period = 2 years = 24 months Maturity value = Rs. 67500
Solution: Money deposited by Shahrukh per month (P)= Rs 800 r = ?
Interest = Rs 1200 Period (n) = 2 years = 24 months Rate (r) = 6% p.a.
Solution: Let monthly instalment is Rs P here n = 1 year = 12 months n = 12
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Shweta deposits Rs. 350 per month in a recurring deposit account for one year at the rate of 8% p.a. Find the amount she will receive at the time of maturity.
Solution: Deposit per month = Rs 350, Rate of interest = 8% p.a. Period (x) = 1 year = 12 months
Solution:
See lessDeposit per month = Rs 350,
Rate of interest = 8% p.a.
Period (x) = 1 year
= 12 months
Saloni deposited Rs 150 per month in a bank for 8 months under the Recurring Deposit Scheme. ‘What will be the maturity value of his deposit if the rate of interest is 8% per annum ?
Solution: Deposit per month = Rs. 150 Rate of interest = 8% per Period (x) = 8 month
Solution:
See lessDeposit per month = Rs. 150
Rate of interest = 8% per
Period (x) = 8 month
Mrs. Goswami deposits Rs. 1000 every month in a recurring deposit account for 3 years at 8% interest per annum. Find the matured value.
Solution: Deposit per month (P) = Rs. 1000 Period = 3 years = 36 months Rate = 8%
Solution:
See lessDeposit per month (P) = Rs. 1000
Period = 3 years = 36 months
Rate = 8%
Kiran deposited Rs. 200 per month for 36 months in a bank’s recurring deposit account. If the banks pays interest at the rate of 11% per annum, find the amount she gets on maturity ?
Solution: Amount deposited month (P) = Rs. 200 Period (n) = 36 months, Rate (R) = 11% p.a. Now amount deposited in 36 months = Rs. 200 x 36 = Rs 7200
Solution:
See lessAmount deposited month (P) = Rs. 200
Period (n) = 36 months,
Rate (R) = 11% p.a.
Now amount deposited in 36 months = Rs. 200 x 36 = Rs 7200
Haneef has a cumulative bank account and deposits Rs. 600 per month for a period of 4 years. If he gets Rs. 5880 as interest at the time of maturity, find the rate of interest.
Solution: Interest = Rs. 5880 Monthly deposit (P) = Rs. 600
Solution:
See lessInterest = Rs. 5880
Monthly deposit (P) = Rs. 600
David opened a Recurring Deposit Account in a bank and deposited Rs. 300 per month for two years. If he received Rs. 7725 at the time of maturity, find the rate of interest per annum
Solution: Deposit during one month (P) = Rs. 300 Period = 2 years = 24 months. Maturity value = Rs. 7725
Solution:
See lessDeposit during one month (P) = Rs. 300
Period = 2 years = 24 months.
Maturity value = Rs. 7725
Mr. Gupta-opened a recurring deposit account in a bank. He deposited Rs. 2500 per month for two years. At the time of maturity he got Rs. 67500. Find : (i) the total interest earned by Mr. Gupta. (ii) the rate of interest per annum.
Solution: Deposit per month = Rs. 2500 Period = 2 years = 24 months Maturity value = Rs. 67500
Solution:
See lessDeposit per month = Rs. 2500
Period = 2 years = 24 months
Maturity value = Rs. 67500
Shahrukh opened a Recurring Deposit Account in a bank and deposited Rs 800 per month for 112 years. If he received Rs 15084 at the time of maturity, find the rate of interest per annum
Solution: Money deposited by Shahrukh per month (P)= Rs 800 r = ?
Solution:
See lessMoney deposited by Shahrukh per month (P)= Rs 800
r = ?
Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs 1200 as interest at the time of maturity, find: (i) the monthly instalment (ii) the amount of maturity.
Interest = Rs 1200 Period (n) = 2 years = 24 months Rate (r) = 6% p.a.
Interest = Rs 1200
See lessPeriod (n) = 2 years = 24 months
Rate (r) = 6% p.a.
Mr. R.K. Nair gets Rs 6,455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly instalment.
Solution: Let monthly instalment is Rs P here n = 1 year = 12 months n = 12
Solution:
See lessLet monthly instalment is Rs P
here n = 1 year = 12 months
n = 12