# Recurring Deposit Account

## Trending Questions

**Q.**

A sum of Rs. 12, 500 amounts to Rs. 15, 500 in 4 years on simple interest. What is the rate of interest on the sum?

2%

5%

4%

6%

**Q.**

Shahrukh opened a Recurring Deposit Account in a bank and deposited Rs 800 per month for 112 years. If he received Rs 15, 084 at the time of maturity, find the rate of interest per annum.

**Q.**

If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate..

1254

1261

1441

1002

**Q.**

Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs 1, 200 as interest at the time of maturity, find :

(i) the monthly instalment

(ii) the amount of maturity.

**Q.**

Mr. Gulati has a Recurring Deposit Account of Rs 300 per month. If the rate of intererst is 12% and the maturity value of this account is Rs 8, 100; find the time (in years ) of this Recurring Deposit Account.

**Q.**

A sum of Rs 1600 gives a simple interest of Rs 252 in the time period of 2 years and 4 months. What is the rate of interest per annum?

7.75%

6.75%

6.5%

8.5%

**Q.**

Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs 2, 500 per month for two years. At the time of maturity he got Rs 67, 500. Find:

(i) the total interest earned by Mr. Gupta

(ii) the rate of interest per annum.

**Q.**

A recurring deposit account of Rs 1, 200 per month has a maturity value of Rs 12, 440. If the rate of interest is 8% and the interest is calculated at the end of every month; find the time (in months) of this Recurring Deposit Account.

**Q.**

Bank OCC a/c is a group defined under which group?

**Q.**

Mr Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. If the rate of interest is 8% per annum and Mr Britto gets ₹ 8088 from the bank after 3 years, find the value of his monthly installment.

₹ 200

₹ 100

₹ 500

₹ 350

**Q.**

The maturity value of a R.D. Account is Rs 16, 176. If the monthly instalment is Rs 400 and the rate of interest is 8%; find the time (period) of this R.D. Account.

**Q.**

Mr. Bajaj needs Rs 30, 000 after 2 years. What least money (in multiple of Rs 5) must he deposit every month in a recurring deposit account to get required money at the end of 2 years, the rate of interest being 8% p.a. ?

**Q.**

Ahmed has a Recurring Deposit Account in a bank. He deposits Rs2, 500 per month for 2 years. If he gets Rs 66, 250 at the time of maturity, find

(i) The interest paid by the bank

(ii) The rate of interest.

**Q.**

An amount of Rs. 7500 is borrowed at compound interest at the rate of 4% per annum. The amount to be paid after 2 years is _______.

Rs. 8112

Rs. 8000

Rs. 8525

Rs. 8640

**Q.**

(i) Puneet has a Recurring Deposit Account in the Bank of Baroda and deposits Rs 140 per month for 4 years. If he gets Rs 8, 092 on maturity, find the rate of interest given by the bank.

(ii) David opened a Recurring Deposit Account in a bank and deposited Rs 300 per month for two years. If he received Rs 7, 725 at the time of maturity, find the rate of interest per annum.

**Q.**

Each of A and B opened a recurring deposit account in a bank. If A deposited Rs 1, 200 per month for 3 years and B deposited Rs 1, 500 per month for 212 years: find, on maturity, who will get more amount and by how much ? The rate of interest paid by the bank is 10 % per annum.

**Q.**

Mrs. Geeta deposited Rs 350 per month in a bank for I year and 3 months under the Recurring Deposit Scheme. If the maturity value of her deposits is Rs 5, 565; find the rate of interrest per annum.

**Q.**

Ritu has Recurring Deposit Account in a bank and deposits Rs 80 per month for 18 months. Find the rate of interest paid by the bank if the maturity value of this account is Rs 1, 554.

**Q.**Katrina opened a recurring deposit account with a Nationalised Bank for a period of 2 years. If the bank pays interest at the rate of 6% per annum and the monthly instalment is Rs 1, 00, find the:

(i) Interest earned in 2 years

(ii) Matured value

[3 MARKS]

**Q.**

Mrs Mathew opened a Recurring Deposit Account in a certain bank and deposited Rs 640 per month for 412 years. Find the maturity value of this account, if the bank pays interest at the rate of 12 % per year.

**Q.**

A man has a Recurring Deposit Account in a bank for 3½ years. If the rate of interest is 12% per annum and the man gets ₹ 10, 206 on maturity, find the value of monthly installments.

₹ 1806

₹ 510

₹ 200

₹ 10, 206

**Q.**

Rishabh has a recurring deposit account in a post office for 3 years at 8% p.a. simple interest. If he gets Rs 9, 990 as interest at the time of maturity, find:

(i) the monthly instalment.

(ii) the amount of maturity.

**Q.**

What will be the simple interest on a sum of Rs 1820 from March 11, 2003 to May 23, 2003 at 7.5% rate?

Rs 37.70

Rs 42.50

Rs 15.20

Rs 27.30

**Q.**Sanjay has a Recurring Deposit Account in a bank of Rs 2, 000 per month at the rate of 10% per annum. At the time of maturity, he receives Rs 83, 100. Find the time for which account was held.

[3 MARKS]

**Q.**

If the interest charged for 8 months is 0.06 times of the money borrowed, then what is the rate of interest per year?

9.5%

10.25%

8.5%

9%

**Q.**In a Recurring Deposit Account if ₹ 240 per month is deposited for 5 years and received ₹ 17, 694 at time of maturity then rate of interset is

- 9%
- 10%
- 6%
- 12%

**Q.**

Mrs. Rita deposits ₹1600 every month in recurring deposit account at 9% p.a. simple interest. She receives ₹65, 592 at the time of maturity. What is the total time for which the account was held?

47 months

36 months

16 months

24 months

**Q.**

Mrs Mathew opened a Recurring Deposit Account in a certain bank and deposited ₹ 640 per month for 4.5 years. Find the maturity value of this account, if the bank pays interest at the rate of 12% per year.

₹ 44, 604

₹ 44, 064

₹ 34, 560

₹ 9, 504

**Q.**

Manish opens a Recurring Deposit Account with the Bank of Rajasthan and deposits ₹600 per month for 20 months. Calculate the maturity value of this account, if the bank pays interest at the rate of 10% per annum.

₹1050

₹13050

₹12000

₹6000

**Q.**

Sakshi has a recurring deposit account in a bank for 5 years at 9% per annum simple interest. If she gets ₹51607.50 at the time of maturity, what was her monthly instalment?

₹700

₹600

₹900

₹560