Question

5.
1. Manish opens a Recurring Deposit Account
with the Bank of Rajasthan and deposits 600
per month for 20 months. Calculate the
maturity value of this account, if the bank pays
interest at the rate of 10% per annum.
2. Mrs. Mathew opened a Recurring Deposit
Account in a certain bank and deposited 640
per month for 412 years. Find the maturity
value of this account, if the bank pays interest
at the rate of 12% per year.
6.
3. Each of A and B opened a recurring deposit
account in a bank. If A deposited 1.200 per
month for 3 years and B deposited * 1,500 per​

Answer 1

Answer:

1 = 704 is maturity value after 20 months