हिंदी

A man gets ₹ 1,404 as interest at the end of one year. If the rate of interest is 12% per annum in R.D. account, the monthly instalment is ______.

Advertisements
Advertisements

प्रश्न

A man gets ₹ 1,404 as interest at the end of one year. If the rate of interest is 12% per annum in R.D. account, the monthly instalment is ______.

विकल्प

  • ₹ 1,200

  • ₹ 1,800

  • ₹ 2,400

  • ₹ 3,600

MCQ
रिक्त स्थान भरें
Advertisements

उत्तर

A man gets ₹ 1,404 as interest at the end of one year. If the rate of interest is 12% per annum in R.D. account, the monthly instalment is ₹ 1,800.

Explanation:

Given as I = ₹ 1,404

n = 1 year = 12 month's,

R = 12%

Suppose P = ₹ x

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

= 1404

= ` x xx (12(12 + 1))/(2 xx 12) xx 12/100`

`\implies` 1404 = `x xx (12 xx 13)/(2 xx 12) xx 12/100`

`\implies` x = `1404 xx (2 xx 12)/(12 xx 13) xx 100/12`

x = ₹ 1800

∴ Monthly Instalment is ₹ 1800

shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Banking (Recurring Deposit Account) - EXERCISE 2 [पृष्ठ २०]

APPEARS IN

सेलिना Concise Mathematics [English] Class 10 ICSE
अध्याय 2 Banking (Recurring Deposit Account)
EXERCISE 2 | Q 1. (c) | पृष्ठ २०

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Priyanka has a recurring deposit account of Rs. 1000 per month at 10% per annum. If she gets Rs. 5550 as interest at the time of maturity, find the total time for which the account was held.


Manish opens a Recurring Deposit Account with the Bank of Rajasthan and deposits Rs. 600 per month for 20 months. Calculate the maturity value of this account, if the bank pays interest at the rate of 10% per annum.


Given below is a page from the passbook of the savings bank account of Mr. Rajesh. Complete the entries in the passbook and calculate the interest paid to him by the bank at 6°/o pa in the end of June. 

Date Particulars Withdrawals Deposits Balance
08.02.2008  By Cash    12000.00  
15.03.2008  To cash  3000.00    
08.04.2008  To Cheque  2500.00    
18.04.2008  By Cash    16000.00  
10.06.2008  By Cash    800.00  

Mr. Punjwanis saving account passbook had the following entries, The bank pays interest at 4.5°/o on all SB accounts. Find the amount received by Mr. Punjwani when he closed the acoount on 2S'h July 08. 

Date Particulars Withdrawls Deposits Balance
05.01.2008 By B/F     24650.00
09.01.2008 By cash   14390.00 39040.00
15.02.2008 To Cheque 7600.00   31440.00
21.02.2008 By Cheque   8350.00 39790.00
07.03.2008 To Cash 4000.00   35790.00
31.03.2008 By Interest       
08.04.2008 By Cheque   13670.00  
12.04.2008 To Cash 6000.00    
01.05.200 By Cheque   17350.00  
16.06.2008 By Cash   9000.00  
27.06.2008 To Cash 4370.00    
04.07.2008 By Cheque   21320.00  
11.07.2008 To Cheque 9460.00   c

What should be minimum monthly deposit in a recurring deposit for 3 years to get Rs 20,220 on maturity after 3 years at an interest rate of 8% pa.


Naseem has a 5 years Recurring Deposit account in Punjab National Bank and deposit? Rs. 240 per month. If she receives Rs. 17,694 at the time of maturity find the rate of interest.


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.


Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs. 2,500 per month for two years. At the time of maturity he got Rs. 67,500. Find:

  1. the total interest earned by Mr. Gupta.
  2. the rate of interest per annum.

Ankita started paying Rs 400 per month in a 3 years recurring deposit. After six months her brother Anshul started paying Rs 500 per month in a `2(1)/(2)` years recurring deposit. The bank paid 10% p.a. simple interest for both. At maturity who will get more money and by how much?


Mr. Chaturvedi has a recurring deposit account in Grindlay’s Bank for `4(1)/(2)` years at 11% p.a. (simple interest). If he gets Rs 101418.75 at the time of maturity, find the monthly installment.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×