हिंदी

A certain money is deposited every month for 8 months in a recurring deposit account at 12% p.a. simple interest. If the interest at the time of maturity is ₹ 36, the monthly instalment is ______.

Advertisements
Advertisements

प्रश्न

A certain money is deposited every month for 8 months in a recurring deposit account at 12% p.a. simple interest. If the interest at the time of maturity is ₹ 36, the monthly instalment is ______.

विकल्प

  • ₹ 200

  • ₹ 1,000

  • ₹ 100

  • ₹ 500

MCQ
रिक्त स्थान भरें
Advertisements

उत्तर

A certain money is deposited every month for 8 months in a recurring deposit account at 12% p.a. simple interest. If the interest at the time of maturity is ₹ 36, the monthly instalment is ₹ 100.

Explanation:

P = ₹ x,

n = 8 months,

R = 12%,

I = 36

We know that

`I = P xx (n(n + 1))/(2 xx 12) xx R/100`

`\implies 36 = x xx (8 xx 9)/(2 xx 12) xx 12/100`

`\implies x = 36 xx (2 xx 12)/(8 xx 9) xx 100/12`

= ₹ 100

shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Banking (Recurring Deposit Account) - TEST YOURSELF [पृष्ठ २१]

APPEARS IN

सेलिना Concise Mathematics [English] Class 10 ICSE
अध्याय 2 Banking (Recurring Deposit Account)
TEST YOURSELF | Q 1. (c) | पृष्ठ २१

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Manu opened a savings bank account in the state bank of India on 3rd sept, 12 with Rs. 2,700. He withdrew Rs. 1,200 from the bank on 8th sept, 12 and deposited Rs. 500 on 17th sept, 12. If he did not make any further deposits or withdrawals during this month; find the amount on which he would receive interest for sept, 12.


A man opened a savings bank account with a bank on 22nd Feb., 1998 and deposited Rs. 300. He further deposited Rs. 1,500 on 5th march 1998 and withdrew Rs. 500 on 12th April 1998. Assuming that he neither deposited not withdrew any money up to the last day of May 1998; write the amounts on which he would receive interest for:
(i) Feb., 1998 (ii) March, 98 (iii) April, 98 (iv) May, 98


John had a savings bank account in a bank. In the months of april, 97 and May, 97 He had the following entries in his passbook.

Date Particulars Withdrawals (In Rs) Deposits (In Rs) Balance (In Rs)
April 1 By Balance     4,600.00
April 7 By cash   1,200.00 5,800.00
April 24 To Cheque 800.00   5,000.00
May 16 By Cheque   2,000.00 7,000.00
May 29 To Cash 1,500.00   5,500.00

Find the amounts on which John will get interest for the months of April, 97 and May 97.

 


A page from the passbook of a savings book account in a particular year is given below:

Date Particulars Debit (In Rs) Credit (In Rs) Balance (In Rs)
Jan 3 By cash   5,000.00 5,000.00
Feb 13 To self 500.00    
March 24 By cheque   2,000.00  
March 31 By Interest      
May 20 By cash   800.00  
July 7 To Cheque 1,400.00    
July 18 By cash   1,600.00  
Sept 15 To Cheque 3,200.00    
Sept 26 By Cheque   2,350.00  

If the interest is calculated at 6% P.a. and is compounded at the end of march and September at every year, find the interest earned up to 31st march and then after completing all the entries, find the amount that the account holder would have received had he closed the account on 20th October the same year.


Given below is a page from the passbook of a saving bank account of Dolly Majumdar. Complete the entries in the passbook and find the interest earned by the account holder in the month of November if the rate of simple interest is 5°/o pa. 

Date Particular Withdrawals Deposits Balance 
01.04.2007 By B/F     16500.00
15.04.2007 By Cash    2500.00  
09.06.2007 To Cheque 6500.00    
04.07.2007 By Cash    9000.00  
12.07.2007 To Cash  3500.00    
05.09.2007 To Cash  4000.00    
10.11.2007 By Cheque   12000.00  

Ms. Saha opened a cumulative deposit account of monthly instalment of Rs 1,200 at 9%p.a simple interest. She earned a total interest of Rs 5,328. How much installments did she pay?


Amit deposited Rs. 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?


A page of Passbook of Mrs. C. Malik Savings Bank Account in year 2002 is given below:

Date Year 2002 Particulars Amount Withdrawn
(in ₹)
Amount Deposited
(in ₹)
Balance
(in ₹)
Jan. 1 By Balance - - 2,100·00
Jan. 7 By Cash - 1,000·00 3,100·00
Feb. 1  By Cash - 500·00 3,600·00
Feb. 15 To Cheque 2,000·00 - 1,600·00
March 15 By Cash - 2,000·00 3,600·00
March 20 To Cheque 1,000·00 - 2,600·00
June 12 By Cash - 3,000·00 5,600·00
June 28 To Cheque 1,000·00 - 4,600·00
Oct. 15 To Cheque 3,000·00 - 4,600·00
Nov. 5 By Cash - 1,500·00 3,100·00
Dec. 10 By Cash - 500·00 3,600·00
Dec. 20 To Cheque 1,000·00 - 2,600·00

If the rate of interest decreases from 5% to 4% with effect from June 1st, 2002, compute the interest at the end of the year.


Shilpa has a 4 year recurring deposit account in Bank of Maharashtra and deposits Rs 800 per month. If she gets Rs 48200 at the time of maturity, find

  1. the rate of simple interest.
  2. the total interest earned by Shilpa.

In a recurring deposit account, John deposits ₹ 500 per month for 24 months. If the interest he earns is one-tenth of his total deposit, the rate of interest is ______.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×