2000 n + 2000 x
n(n + 1) 10
Х
2 x 12 100
= 83100.
Multiple Choice Questions
per month
Choose the correct answer from the given four options (1 to 4):
1 If Sharukh opened a recurring deposit account in a bank and deposited 800 per
for 1
years, then the total money deposited in the account is
2
(a) 11400
(b) 14400
(c) 13680
(d) none of these
2 Mrs. Asha Mehta deposit 250 per month for one year in a bank's recurring deposit
account. If the rate of (simple) interest is 8% per annum, then the interest earned by
her on this account is
(a) 65
(b) *120
(c) 130
(d) 260
3 Mr. Sharma deposited 500 every month in a cumulative deposit account for 2
years.
If the bank pays interest at the rate of 7% per annum, then the amount he gets on
maturity is
(a) 875
(b) *6875
(c) 10875 (d) 12875
4 John deposited * 400 every month in a bank's recurring deposit account for 2
22
years.
If he gets 1085 as interest at the time of maturity, then the rate of interest per annum
is
001
/ 1
Answers
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