हिंदी

Veena Deposits Rs. 100 per Month in a Bank Cumulative Time Deposit Scheme for a Period of 5 Years. What Amount Does She Get on Maturity If the Rate of Interest is 16%?

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प्रश्न

Veena deposits Rs. 100 per month in a bank cumulative time deposit scheme for a period of 5 years. What amount does she get on maturity if the rate of interest is 16%?

योग
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उत्तर

See the table of RD. scheme. For a monthly installment of Rs. 100 per month the maturity values after 5 years is Rs. 8,447.80.

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The maturity value of an R.D. Account is ₹ 16176. If the monthly instalment is ₹ 400 and the rate of interest is 8%; find the time (period) of this R.D Account.


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Date
Year 2004
Particulars Amount
(₹) Withdrawals
Amount
(₹)Deposits
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