Home
Class 10
MATHS
Shahrukh opened a Recurring Deposite Acc...

Shahrukh opened a Recurring Deposite Account in a bank and deposited Rs 800 per month for `1(1)/(2)` years. If he received Rs 15,084 at the time of maturity, find the rate of interest per annum.

Text Solution

Verified by Experts

The correct Answer is:
`6%`
Promotional Banner

Topper's Solved these Questions

  • BANKING (RECURRING DEPOSIT ACCOUNTS)

    ICSE|Exercise QUESTIONS|7 Videos

  • BANKING (RECURRING DEPOSIT ACCOUNTS)

    ICSE|Exercise QUESTIONS|7 Videos

  • BANKING

    ICSE|Exercise Competency Based Questions|10 Videos

  • CHAPTERWISE REVISION EXERCISE

    ICSE|Exercise CHAPTERWISE REVISION EXERCISE (PROBABILITY)|16 Videos

Similar Questions

Explore conceptually related problems

Ahmed has a recurring deposit account in a bank. He deposits Rs 2,500 per month for 2 years. If the gets Rs 66,250 at the time of maturity, find : The rate of interest.

A man has a 5 year recurring deposit account in a bank and deposits Rs 240 per month. If he receives Rs 17,694 at the time of maturity, find the rate of interest.

Ahmed has a recurring deposit account in a bank. He deposits Rs 2,500 per month for 2 years. If the gets Rs 66,250 at the time of maturity, find : The interest paid by the bank

Deepa has a 4 - year recurring deposit account in a bank and deposits ₹ 1,800 per month. If she gets ₹ 1,08,450 at the time of maturity, find the rate of interest.

Mr. Sonu has a recurring deposit account and deposits Rs. 750 per month for 2 years. If he gets Rs. 19125 at the time of maturity, find the rate of interest.

Mr. Jacob has a two years recurring deposit account in State Bank of India and deposits Rs.1500 per month. If he receives Rs.37,875 at the time of maturity, find the rate of interest.

Sonia had recurring deposite account in a bank and deposited Rs 600 per month for 2(1)/(2) years. If the rate of interest was 10% p.a., find the maturity value of this account.