Amit deposits Rs.150 per month in a bank for 8 months under the R. D. scheme. What will be the maturity value of his deposits, if the rate of interest is 8 % per annum & interest is calculated at the end of every month?

1100

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1236

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1545

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1854

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1030

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Solution

The correct option is B
1236

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Amit deposited ₹150 per month in a bank for 8 months under the Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 8% per annum and interest is calculated at the end of every month?

Q. Mr Amit deposited Rs. 150 per month in a bank for 8 months under the recurring deposits scheme. What will be the maturiy value of his deposits, if the rate of interest is 8% per annum and interest is calculated at the end of every month?

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Amit deposits Rs.150 per month in a bank for 8 months under the R. D. scheme. What will be the maturity value of his deposits, if the rate of interest is 8 % per annum & interest is calculated at the end of every month?

The correct option is B 1236

The correct option is B
1236