A recurring deposit account is open with Dena bank, Meerut can't. For this Rs 2000 per month (at 10% p. a.) is deposited in the bank. If on maturity Rs 25300 is received as interest, find the time for which account was held. Class 10 | Banking

 

Amit deposited 150 per month in a bank for 8 months under the Recurring Deposit Scheme What will be the maturity value of his deposits, if the rate of interest is 8% per annum and interest is calculated at the end of every month?

 

Class 10 First unit test Math GST, BANKING, LINEAR IN-EQUATION Physics Force and Work Power Energy FM 30

 

Mr. Bajaj needs Rs 30000 after 2 years. What least money (multiple of 5) must he deposite every month in a recurring deposit account to get required money at the end of 2 years, the rate of interest being 8% p.a. ?

 

Class 10 Banking MCQ FM 15

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ANS Mathematics & Physics

Class 10 Math Problem Mr. Richard has a recurring deposit account in a post office for 3 years at 7.5% p.a. simple interest. If he gets Rs 8,325 as interest at the time of maturity, find: (i) the monthly installment. (ii) the amount of maturity.

Class 10 Math Problem banking chapter