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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
संबंधित प्रश्न
Mr. Richard has a recurring deposit account in a bank for 3 years at 7.5% p.a. simple interest. If he gets Rs. 8325 interest at the time of maturity, find:
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| 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 | ||
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| 10.11.2007 | By Cheque | 12000.00 |
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Deposits (in ₹) |
Balance (in ₹) |
| 1st April 2007 | By Cash | - | 8,550·00 | 8,550·00 |
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| 17th Sept. 2007 | To Cheque | 2,500·00 | - | 14,400·00 |
| 11th Oct. 2007 | By Cash | - | 800·00 | 15,200·00 |
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Amount Deposited (in ₹) |
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| Jan. 1 | By Balance | - | - | 2,100·00 |
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