Question

Rahul deposited ₹11700 in a recurring deposit account for $$1\frac{1}{2}$$ years. The amount deposited by him per month is ______.

Options

• ₹650

• ₹780

• ₹6500

• ₹7800

Answer 1

Rahul deposited ₹11700 in a recurring deposit account for $$1\frac{1}{2}$$ years. The amount deposited by him per month is ₹650.

Explanation:

There are 18 months in $$1\frac{1}{2}$$ years, so the monthly deposit is $$₹11700 \div 18 = ₹650$$.