Jitender Gupta and Divya Malik Solutions for Exercise 1: CHAPTER EXERCISE

Sonia had a Recurring Deposit Account in a bank and deposited $₹600$ per month for $2\frac{1}{2}$ yr. If the rate of interest was $10\%$ per annum, find the maturity value ( in $₹$ ) of this account.

If Mrs. Goswami deposits $₹1000$ every month in a Recurring Deposit Account for $3$ years at $8\%$ interest per annum, then find the matured value in rupees.

Joseph deposits $₹600$ per month in a Recurring Deposit Account in a post office for $4\frac{1}{2}$ yr. Find the amount payable (in $₹$ ) to him on maturity, if the rate of interest is $9\%$ per annum.

Mr. Anand opened a cumulative Deposit Account of monthly installment $₹200$ at $9\%$ per annum simple interest. She earned a total interest of $₹1764$. How many installments did she pay?

Ms. Mamta opened a cumulative Deposit Account of monthly installment of $₹1200$ at $9\%$ per annum simple interest. She earned a total interest of $₹5994$. How many installments did she pay?

Rajiv Bhardwaj has a Recurring Deposit Account in a bank of $₹600$ per month. If the bank pays simple interest of $7\%$ per annum and he gets$₹15450$ as maturity amount, then find the total time for which the Account was held.

Mrs. Sarkar deposits $₹1600$ per month in a Recurring Deposit Account at $9\%$ per annum simple interest. If she gets$₹65592$ at the time of maturity, then find the total time for which the account was held.

Samita has a Recurring Deposit Account in a bank of $₹2000$ per month at the rate of $10\%$ per annum. If she gets $₹83100$ at the time of maturity, then find the total time for which the account was held.