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Kiran deposited Rs 200 per month for 36 ...

Kiran deposited Rs 200 per month for 36 months in a bank's recurring deposit account. If the bank pays interest at the rate of 11% per annum, find the amount she gets on maturity.

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Knowledge Check

  • Rupa deposited Rs.200 per month for 15 months in a bank's recurring deposit account. If the bank pays interest at a rate of 10% per annum, then the interest earned by Rupa during this period is:

    A
    Rs.300
    B
    Rs.250
    C
    Rs.200
    D
    Rs.150

  • Nita deposited Rs.100 per month for 12 months in a bank's recurring deposit account. If the bank pays interest at a rate of 9% per annum, then the total amount deposited by Nita during this period is:

    A
    Rs.1,200
    B
    Rs.2,400
    C
    Rs.1,500
    D
    Rs.1,800

  • Seema deposited Rs.100 per month for 24 months in 9 bank's recurring deposit account. If the bank pays an interest of 10% p.a., then the amount she gets on maturity is:

    A
    Rs.1,490
    B
    Rs.1,940
    C
    Rs.2,065
    D
    Rs.2,650

    • Similar Questions

    Explore conceptually related problems

    Ashish deposits a certain sum of money every month in a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of 11% p.a. and Ashish gets ₹ 12,715 as the maturity value of this account, what sum of money did he pay every month ?

    Mr. Jain deposited Rs 500 per month in a cumulative deposit asccount for 2 years. If the bank pays interest at the rate of 7% per annum, then the amount he gets on maturity is:

    Reeta deposited Rs.80 per month in a cumulative deposit account for 5 years. If the bank pays interest at a rate of 6% per annum, find the amount payable to her at the time of maturity.

    Ashi deposits Rs 2,500 per month for one year in a bank's recurring deposit account. If the rate of (simple) interest is 8% per annum, then the interest earned by her is:

    Krishna deposited Rs 2,000 per month in a recurring bank account for 2 years at the rate of 11% per annum interest. The amount Krishna will get at the time of maturity is:

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