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प्रश्न
Pramod deposits Rs. 600 per month in a Recurring Deposit Account for 4 years. If the rate of interest is 8% per year; calculate the maturity value of his account.
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उत्तर
Installment per month (P) = Rs. 600
Number of months (n) = 48
Rate of interest (r) = 8% p.a
∴ `S.I. = P xx (n(n + 1))/(2 xx 12) xx r/100`
= `600 xx (48(48 + 1))/(2 xx 12) xx 8/100`
= `600 xx 2352/24 xx 8/100`
= Rs. 4704
The amount that pramod will get at the time of maturity
= Rs. (600 × 48) + Rs. 4,704
= Rs. 28,800 + Rs. 4,704
= Rs. 33,504
संबंधित प्रश्न
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A man opened a savings bank account with a bank on 22nd Feb., 1998 and deposited Rs. 300. He further deposited Rs. 1,500 on 5th march 1998 and withdrew Rs. 500 on 12th April 1998. Assuming that he neither deposited not withdrew any money up to the last day of May 1998; write the amounts on which he would receive interest for:
(i) Feb., 1998 (ii) March, 98 (iii) April, 98 (iv) May, 98
Mrs. Swami had a savings bank account with the state bank of India, from `13^"th"` Feb 09 to 6th August 09. The following table shows the entries in her passbook for the above said periods. Calculate the interest earned by Mrs. Swami on her S.B. Account up to `31^"st"` July 09 at the rate of 5% per annum.
| Date | Particulars | Amount Withdrawn (Dr) Rs P | Amount Deposits (Cr) Rs. P | Balance Rs. P |
| Feb 13 | By Cash | 500.00 | 500.00 | |
| March 3 | By cheque | 735.00 | 1,235.00 | |
| March 14 | By cheque | 1,040.00 | 2,275.00 | |
| May 10 | To cheque | 240.00 | 2.035.00 | |
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A man holds a savings bank account in the union bank of India. A page of his passbook shows the following entries:
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| May 1 | B/F | 3,200.00 | ||
| May 6 | By Cheque | 500.00 | 3,700.00 | |
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| 2006 | ||||
| Jan 1 | Balance B/F | 7,500.00 | ||
| March 7 | By Cheque | 1,875.00 | ||
| March 10 | By Cash | 625.00 | ||
| July 17 | To self | 3,250.00 | ||
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| January 1 | - | 24,000·00 | 24,000·00 |
| January 20 | 5,000·00 | - | 19,000·00 |
| January 29 | - | 10,000·00 | 29,000·00 |
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| May 8 | - | 5,087·00 | 46,700·00 |
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