मराठी

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 ______.

पर्याय

  • ₹ 1,200

  • ₹ 1,800

  • ₹ 2,400

  • ₹ 3,600

MCQ
रिकाम्या जागा भरा
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
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Banking (Recurring Deposit Account) - EXERCISE 2 [पृष्ठ २०]

APPEARS IN

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

व्हिडिओ ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्‍न

Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. It the rate of interest is of 8% per annum and Mr. Britto gets Rs. 8,088 from the bank after 3 years, find the value of his monthly instalment.


A page from the passbook of Mrs. Rama Bhalla is given below:

Date Particulars Withdrawals (In Rs) Deposits (In Rs) Balance (In Rs)
January 1 B/F     2,000.00
January 9 By Cash   200.00 2,200.00
February 10 To Cheque 500.00   1,700.00
February 24 By Cheque   300.00 2,000.00
July 29 To Cheque 200.00   1,800.00
November 7 By Cash   300.00 2,100.00
December 8 By Cash   200.00 2,300.00

Calculate the interest to Mrs. Bhalla for the period from January 2004 to December 2004, at the rate of 5% per annum.


The following are the entries in the passbook of a saving account of Ananya during the year 2007. If interest is calculated at 5 % pa, find the interest earned by Ananya during the year 

Date Particulars Withdrawals Deposits Balance
01.01.2007 By B/F      6500.00
05.02.2007 By Cheque   7500.00 14000.00
09.02.2007 To Cash 1500.00   12500.00
06.06.2007 By Cash   1725.00 14225.00
08.09.2007 By Cheque   375.00 14600.00
06.11.2007 By Cash   6000.00 20600.00
10.12.2007 To Cheque 2500.00   18100.00

Sharukh opened a recurring deposit account in a bank and deposited Rs 800 per month for `1 1/2` years. If he recieved Rs 15,084 at the time of maturity, find the rate of interest per annum.


Kiran deposited  200 per month for 36 months in a bank’s recurring deposit account. If the bank pays interest at the rate of 11% per annum, find the amount she gets on maturity.


Mrs. Asha Mehta deposit Rs 250 per month for one year in a bank’s recurring deposit account. If the rate of (simple) interest is 8% per annum, then the interest earned by her on this account is


Naveen deposits ₹ 800 every month in a recurring deposit account for 6 months. If he receives ₹ 4884 at the time of maturity, then the interest he earns is ______.


₹ 900 is deposited every month in a recurring deposit account at 10% rate of interest, the interest earned in 8 months is ______.


₹ 800 per month is deposited in an R.D. account for one and half years. If the depositor gets ₹ 2,280 as interest at the time of maturity, the rate of interest is ______.


In a recurring deposit account, Mohit deposited ₹ 5,000 per month for one year and at maturity gets ₹ 67,500; the total interest earned is ______.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×