The fixed period of recurring deposit account can be

2

months

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

3

months

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

6

months

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

All of the above

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

Open in App

Solution

The correct option is B $6$ months
The fixed period of recurring deposit account can be $6$ months or more.
Therefore, options C is the correct answer.

Suggest Corrections

Similar questions

Manish deposits Rs 400 every month in a recurring deposit account for 30 months. He got Rs 13240 after maturity period. The rate of interest p.a. will be____________ $%$

Q. Akash deposited ₹2000 per month in a recurring deposit account. If rate of interest on recurring deposit is 24% per annum and he gets ₹27120 on maturity, find the time (in months) of his recurring deposit account.

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

Q. Vinod deposits Rs 700 every month in a recurring deposit account at the interest rate of 9

%

per annum for 12 months. What maturity amount he gets on his recurring deposit account.

Q. Ramu deposited Rs. 400 per month in a recurring deposit account for 2 years at 9% pa. Somu deposited Rs. 400 per month in a recurring deposit account for

2 \frac{1}{2}

years at 12% pa. Which of the following can be concluded about the interests to be paid to them on maturities of their deposits ?

Join BYJU'S Learning Program

The fixed period of recurring deposit account can be

The correct option is B 6 monthsThe fixed period of recurring deposit account can be 6 months or more.Therefore, options C is the correct answer.

The correct option is B $6$ months
The fixed period of recurring deposit account can be $6$ months or more.
Therefore, options C is the correct answer.