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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