Class X

Aaron opens a Recurring Deposit Account in the Bank and deposit Rs.500.00 per month for 18 month. Calculate the maturity value of this account,If the bank pays interest at rate of 10% per annum.
  1. Rs. 9740.86
  2. Rs. 10923.00
  3. Rs. 10832.69
  4. Rs. 10150.00
Paul deposit some money every month in a Recurring Deposit Account for the period of 3 years at the rate of interest of 11.5 %. Per annumu.And he get back amount of Rs. 15768.27 as maturity amount .What was the monthly deposit amount.
  1. 366
  2. 371
  3. 369
  4. 377
Sabrina deposit Rs, 350.00 every month in a Recurring Deposit Account at the rate of interest of 8%. Per annumu.And he get back amount of Rs. 14,270.05 as maturity amount .Find the deposit period .
  1. 2 years
  2. 3 years
  3. 4 years
  4. 5 years
Susan deposits monthly in Recurring Deposit Account Rs.1000.00 per month. After 3 years.what amount she gets from the bank ,If bank pays interest at rate of 12% per annum.
  1. Rs, 43424.81
  2. Rs. 42,199.64
  3. Rs, 41,849.23
  4. Rs, 41,600.00
Find the maturity value of a Recurring Deposit Account in which deposits Rs.600.00 per month for 5 years . Where interest rate is 10.5% per annum.
  1. Rs, 37,770.00
  2. Rs. 38,100.49
  3. Rs. 41050.89
  4. Rs. 47375.88
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