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1
Mr. R.K. Nair gets Rs. 6455 at the end of one year at the rate of 14% p.a. in a Recurring Deposit Account. Find the monthly instalment.
Rs. 300 Rs. 500 Rs. 100 Rs. 250
2
Mrs. Sangita deposited Rs.500 every month in a cumulative deposit account for 2 years at the rate of 7% per annum, then the amount she gets on maturity is
Rs 875 Rs 6875 Rs 10875 Rs 12875
3
Mr. Ramesh deposits Rs.250 per month for 1 year in a bank's recurring deposit account at the rate of 8% per annum, then the interest earned by him is
Rs 65 Rs 120 Rs 130 Rs 260
4
Recurring time deposit schemes are available in
Banks Post Offices Both Banks and Post Office None of the above
5
In a Recurring Deposit Account, if P= Rs.600; M.V. = Rs.24930; r=10%per annum, then the time (in years)for which the account is held will be ______
1 year 2 years 3 years 4 years
6