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Question
If Sharukh opened a recurring deposit account in a bank and deposited Rs 800 per month for years, then the total money deposited in the account is
Options
Rs11400
Rs14400
Rs13680
none of these
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Solution
Monthly deposit = Rs800
Period (n)
= `1(1)/(2) `years
= 18 months
.’. Total money deposit
= Rs800 x 18
= Rs14400.
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