Banking

Shikha deposits Rs. 350 per month in a recurring deposit account for one year at the rate of 8% per annum. Find the maturity value of the account.

Abhishek deposits Rs. 500 per month in a recurring deposit account for 12 months. Find the amount he will receive at the time of maturity, if the rate of interest is 10% per annum.

Ramesh has a recurring deposit account in a back for $3\frac{1}{2}$  years of 9.5% per annum. If he gets Rs. 58978.50 at the time of maturity. Find the monthly instalment. 

Mr. Singh has a recurring deposit account for 2 years at 10% per annum. If he receives Rs. 1900 as interest, find the value of monthly instalment paid by him.

Madhu deposits Rs. 240 per month for 2 years in a recurring deposit account in a bank. If at the time of maturity she gets Rs. 6300, find the rate of interest.

Mr. Gupta opened a recurring deposit in a bank. He deposited Rs. 2500 per month for two years. At the time of maturity he got Rs. 67,500 Find.

(i) the total interest earned by Mr. Gupta

(ii) the rate if interest per annum.

Shikha has a cumulative time deposit account in a Corporation Bank. She deposits Rs. 300 per month and gets Rs. 7950 t the time of maturity. If the rate of interest be 10% per annum, find the total time for which the account was held.

Bena has a cumulative deposit account of Rs. 400 per months at 10% per annum simple interest. If she gets Rs. 30100 at the time of maturity, find the total time for which the account was held.

Neelu has a recurring deposit account in a bank. If she deposits Rs. 2000 per month and the bank pays interest at the rate of 11% per annum, find the total time for which she must hold the account to get Rs. 83100 at the time of maturity.

Katrina opened a recurring deposit account with a Nationalised Bank for a period of 2 years. If the bank pays interest at the rate of 6% per annum and the monthly instalment is Rs. 1000, find the : (i) interest earmed in 2 years (ii) matured value.