Mrs. Goswami deposited Rs.1000 per month in a recurring deposit account for 3 years. Find the amount payable to him on maturity, if the rate of interest is 8 % per annum.

40,000

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40,440

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40,444

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30,400

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

40,400

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Solution

The correct option is B
40,440

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Mrs. Goswami deposited Rs.1000 per month in a recurring deposit account for 3 years. Find the amount payable to him on maturity, if the rate of interest is 8 % per annum.

The correct option is B 40,440

The correct option is B
40,440