Shweta deposits $R s 350$ per month in a recurring deposits account for one year at the rate of $8 %$ p.a. Find the amount she will receive at the time of maturity.

Open in App

Solution

Rate = 8%, P = Rs.350, T = 1 year
$S I = \frac{P \times R \times T}{100} = \frac{350 \times 8 \times 1}{100} = 28 R s$
Amount she will receive after maturity $= S I + P$
$= R s .28 + R s .350$
$= R s . 378$

Suggest Corrections

Similar questions

Q. Mahesh deposits Rs. 600 per month in a recurring deposit account for 2 years at 5 % p.a.. Find the amount he recieves at the time of maturity.

Q. Naseem has

5

years recurring deposits account in SBI bank and deposits Rs.

240

per month. If she receives Rs.

17, 694

at the time of maturity. Find the rate of interest.

Q. Amit deposited Rs 800 per month in a Recurring Deposit Account for 1 year at the rate of 10% per annum. Find the amount Amit will get on maturity.
[4 MARKS]

Malini Opens a recurring deposit account and deposits ₹ 600 per month for 5 years. The rate of interest is 8 %. Find the interest and maturity value she receives at the end of the maturity period

Rishi deposits Rs 250 per month for a period of 72 months in a recurring deposit account at the rate of 4.5% p.a. find the amount he gets on maturity

Join BYJU'S Learning Program

Shweta deposits Rs 350 per month in a recurring deposits account for one year at the rate of 8% p.a. Find the amount she will receive at the time of maturity.

Rate = 8%, P = Rs.350, T = 1 year SI=P×R×T100=350×8×1100=28RsAmount she will receive after maturity =SI+P=Rs.28+Rs.350=Rs.378

Shweta deposits $R s 350$ per month in a recurring deposits account for one year at the rate of $8 %$ p.a. Find the amount she will receive at the time of maturity.

Rate = 8%, P = Rs.350, T = 1 year
$S I = \frac{P \times R \times T}{100} = \frac{350 \times 8 \times 1}{100} = 28 R s$
Amount she will receive after maturity $= S I + P$
$= R s .28 + R s .350$
$= R s . 378$