Saloni deposits Rs.250 per month in her bank for eight months under the recurring deposit scheme. What will be the maturity value of her deposit, if the rate of interest is 10 % p. a. & the interest is calculated every month?

2075

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2000

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2775

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2750

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1075

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Solution

The correct option is A
2075

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Amit deposits Rs 150 per month in a bank for 8 months under 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.?

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?

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Saloni deposits Rs.250 per month in her bank for eight months under the recurring deposit scheme. What will be the maturity value of her deposit, if the rate of interest is 10 % p. a. & the interest is calculated every month?

The correct option is A 2075

The correct option is A
2075