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प्रश्न
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?
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उत्तर
Interest on his deposit = `(n(n + 1))/(2)xx ("Instalment" xx "Rate")/(100 xx 12)`
= `(8(8 + 1))/(2) xx (150)/(100) xx (8)/(12)`
= `(8 xx 9 xx 150 xx 8)/(2 xx 100 xx 12)`
= ₹ 36
Maturity value
= ₹ 150 × 8 + ₹ 36
= ₹ 1,200 + ₹ 36
= ₹ 1,236
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संबंधित प्रश्न
A page from a passbook of savings bank account is given below:
| Date | Particulars | Amount Withdrawn (In Rs) |
Amount Deposits (In Rs) |
Balance (In Rs) |
| 09.08.1999 11.08.1999 05.10.1999 10.10.1999 27.11.1999 29.11.1999 |
By Cash By Cheque To Cheque By Cash By Cheque By Cash |
- - 12,000 - 5,000 - |
10,000 5,000 - 17,000 - 3,000 |
10,000 15,000 3,000 20,000 15,000 18,000 |
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| April 1 | By Balance | 4,600.00 | ||
| April 7 | By cash | 1,200.00 | 5,800.00 | |
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| May 29 | To Cash | 1,500.00 | 5,500.00 |
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| 31.03.2006 | By Interest | |||
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