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प्रश्न
Mr. Dhruv deposits Rs 600 per month in a recurring deposit account for 5 years at the rate of 10% per annum (simple interest). Find the amount he will receive at the time of maturity.
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उत्तर
Deposit per month = ₹ 600
Rate of interest = 10% p.a.
Period (n) = 5 years 60 months.
Total principal for one month
= `₹600 xx ("n"("n" + 1))/(2)`
= `₹600 xx (60(60 + 1))/(2)`
= `₹(600 xx 60 xx 61)/(2)`
= ₹ 1098000
Interest
= `"prt"/(100)`
= `(1098000 xx 10 xx 1)/(100 xx 12)`
= ₹ 9150
∴ Amount of maturity
= ₹ 600 × 60 + ₹ 9150
= ₹ 36000 + ₹ 9150
= ₹ 45150.
संबंधित प्रश्न
Katrina opened a recurring deposit account with a Nationalised Bank for a period of 2 years. If the bank pays interest at the rate 6% per annum and the monthly instalment is Rs. 1,000, find the:
- Interest earned in 2 years.
- Matured value.
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 |
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| 01.01.2007 | By B/F | 6500.00 | ||
| 05.02.2007 | By Cheque | 7500.00 | 14000.00 | |
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| 06.06.2007 | By Cash | 1725.00 | 14225.00 | |
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