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Question
Using R.D., table calculate the values of a R.D., account of Rs. 80 for period of 9 months @ 11.5% p. a.
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Solution
In the row of 80 we will locate the value under the column of 9 months which is 755.
So, maturity values of RD., account of 80 for 9 months @ 11.5% p.a Rs. 755.00.
RELATED QUESTIONS
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| 2.1.10 | By cash | 250.00 | |
| 9.1.10 | By Cheque | 825.00 | |
| 13.3.10 | To Cash | 325.00 | |
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| 05.01.2008 | By B/F | 24650.00 | ||
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| 31.03.2008 | By Interest | |||
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Akash, an employee of a bank, has a saving bank account in his bank that pays him
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Deposits (in ₹) |
Balance (in ₹) |
| 1998, Jan. 8 | By Cash | - | 500·00 | 500·00 |
| March 19 | To Cheque No. 626 | 100·00 | - | 400·00 |
| May 23 | By Cheque | - | 1500·00 | 1,900·00 |
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| Sept 2 | By Cash | - | 1,300·00 | 3,000·00 |
If the interest is paid at the rate of 5% per annum at the end of September every year, calculate the amount he will get if he closes the account on October 30, of the same year.
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