Mr. Rohan Lal deposits Rs 1000 per month in a recurring deposit account for 3 years at the rate of 6% p.a. If he gets Rs 3330 as interest, then the amount he gets on maturity is *
a. Rs 36,331
b. Rs 33,330
c. Rs 39,330
d. None of these
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Answer:
1year = 12months,12×3=36months
Principal= 36×1000=36000
Total amount = Principal +Interest
= 36000+3330=Rs 39330
Step-by-step explanation:
Hence, C option is the right answer
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