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value of this account, if the bank pays interestat the rate of 12% per year.Each of A and B opened a recurring depositaccount in a bank. If A deposited 1,200 perrnonth for 3 years and B deposited 1,500 permonth for 2 years; find, on maturity, whowill get more amount and by how much ? Therate of interest paid by the bank is 10% perannum.Ashish deposits a certain sum of money everymonth in a Recurring Deposit Account foraperiod of 12 months. If the bank pays interestat the rate of 11% pa. and Ashish getsき12,715 as the maturity value of this account,what sum of money did he pay every month?A man has a Recurring Deposit Account in abank for 3% years. If the rate of interest is 12%per annum and the man gets ? 10,206 onmaturity, find the value of monthly instalments. |
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