Aishwarya deposits Rs 600 per month in a recurring bank account for a period of 3 years. If she gets Rs 23931 at the time of maturity, find the rate of interest.

r = 7%

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

r = 9%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

r = 3%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

r = 5%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
r = 7%

Suggest Corrections

Similar questions

Q. Seep has a

4

year recurring deposit account in a bank and deposits Rs

1800

per month. If she gets Rs

1, 08, 450

at the time of maturity , find rate of interest.

Ishaani has a Recurring Deposit account in Punjab National Bank and deposits Rs 400 per month for 3 years. If she gets Rs 16176 on maturity; find the rate of interest given by the bank.

(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.

Ahmed has a recurring deposit account in a bank. He deposits Rs. 2,500 per month for 2 years. If he gets Rs. 66,250 at the time of maturity, find the interest paid by the bank & rate of interest.

Deepa has a 4-year recurring deposit account in a bank and deposits Rs 1,800 per month. If she gets Rs 1,08,450 at the time of maturity, find the rate of interest.

Join BYJU'S Learning Program

Aishwarya deposits Rs 600 per month in a recurring bank account for a period of 3 years. If she gets Rs 23931 at the time of maturity, find the rate of interest.

The correct option is A r = 7%

The correct option is A
r = 7%