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

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10%

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12%

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14%

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15%

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Solution

The correct option is C
12%

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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.

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.

Edward opened a Recurring deposit account in a bank. He deposited Rs 300 per month for 2 years. At the time of maturity he received Rs 7725. What was the rate of interest?

Mr. Ravi opened a recurring deposit account in a bank. He deposited in the installment of Rs. 2500 per month for two years. At the time of maturity he received an amount of Rs. 67,500. Calculate the total interest earned by Mr. Ravi.

(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.

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

The correct option is C 12%

The correct option is C
12%