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प्रश्न
Mohan saves Rs. 25 per month from his pocket allowance and puts this saving every month in a bank recurring deposit scheme for a period of 72 months at 5.25%. What amount does he get on maturity?
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उत्तर
See the table of Recurring deposit scheme. Here the month by instalment is Rs. 25 and the number of instalments is 72.
So the maturity value is the amount given in the table against the row marked 72 and the column marked 25. This amount is 2,721.90.
Hence, on maturity, Mohan gets Rs. 2,721.90.
संबंधित प्रश्न
Manish opens a Recurring Deposit Account with the Bank of Rajasthan and deposits Rs. 600 per month for 20 months. Calculate the maturity value of this account, if the bank pays interest at the rate of 10% per annum.
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| Date | Particulars | Withdrawals | Deposits | Balance |
| 08.02.2008 | By Cash | 12000.00 | ||
| 15.03.2008 | To cash | 3000.00 | ||
| 08.04.2008 | To Cheque | 2500.00 | ||
| 18.04.2008 | By Cash | 16000.00 | ||
| 10.06.2008 | By Cash | 800.00 |
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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 | ||
| 12.07.2007 | To Cash | 3500.00 | ||
| 05.09.2007 | To Cash | 4000.00 | ||
| 10.11.2007 | By Cheque | 12000.00 |
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₹ 900 is deposited every month in a recurring deposit account at 10% rate of interest, the interest earned in 8 months is ______.
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