Exercise-A
1) John has a recurring deposit account of Rs. 1000 per month in a bank. What will he get after 12 months if the rate of interest is 9% p.a. ? Rs.12585
2) Vishal has opened a recurring deposit account of Rs800 per month for 30 months in a bank. Find the amount he will get at the time of maturity, if the rate of interest is 9% p.a. Rs2679
3) Ashwani has a cumulative- time deposit account of Rs600 per month for a period of 20 months. What will Ashwani get at the time of maturity, if the rate of interest is 10% p.a. ? 13050
4) Akshaya deposits Rs 350 per month in a recurring account for20 months, at the rate of 11 p.a. Find the amount, He will get after 20 months. ₹7673.75
5) Miss Anshu Pandey deposited ₹350 per month for 20 months under recurring deposit scheme. Find the total amount payable by the bank on maturity of the account if the rate of interest is 11% per annum. ₹7673.75
6) Mrs. Mathew opened a recurring deposit account in a bank with ₹500 per month for 2 and half years. Find the amount she will get on maturity if the interest is paid on monthly balance at 12.5% per annum. ₹17421.87
7) Calculate the amount received on maturity of recurring deposit of ₹150 per month for 1 year 6 months, if the rate of interest is 11% per annum. ₹2935.13
8) Amar deposits ₹1600 per month in a recurring deposit for 3 years at the rate of 9% p.a. simple intrest. Find the amount Amar will get at the time of maturity. ₹65592
9) 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% p.a. and interest calculated the end of every month ? ₹1236
Exercise-2
1) Ashish has a cumilative time deposit account in a bank. He deposits Rs600 per month for a period of 6 years. If at the end of maturity he gates Rs53712, find the rate of interest. 8%
2) Harsha has a 4 years recurring deposit account of Rs500 per month. If she gets Rs 4900 as the interest at the time of maturity, find the rate of interest. 10%
3) Shilpa gets Rs75250 at the end of 5 years at the rate of 10% p.a in a recurring deposit account, find the monthly installment. Rs 1000
4) Dishita has a recurring deposit account in a bank for 6 years at 10% p.a. She gets Rs 17520 as the interest on maturity . Find the monthly installment. Rs800
Exercise-3
1) Yash deposited a certain sum of money, every month, for 5/2 years in a cumulative time deposit account. At the time of maturity he collected ₹4965. If the rate of interest was 8% p a. Find the monthly deposit. ₹150
Exercise-4
1) A Recurring deposit account of ₹1200 per month has a maturity value of ₹ 12440. If the rate of interest is 8% and the intrest is calculated at the end of every month. Find the time of the recurring deposit. 10 months
2) Meena has a cumulative time deposit account of ₹340 per month at 6% per month. If she gets ₹ 7157 at the time of maturity, find the total time for which the account was held. 20 months
3) On depositing ₹200, every month in a cumulative time deposit account, paying 9% p.a. intrest, a person collected ₹2517 at maturity. Find the period. 12 months
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