Chhattisgarh Board Solutions for Exercise 2: Exercise–1

If Kishan opens a recurring deposit account in some bank branch for three years and deposits a monthly installment of $250$, then how much money will he get if the rate of interest is $5\%$ per annum?

Rajat opened a recurring deposit account in a branch of Central Bank of India and deposited $100$ every month for $3$ years. What rate of interest will yield an interest of $222$ on maturity?

Kishan deposits $20,000$ for $1$ year as fixed deposit in Allahabad Bank at an interest rate of $16\%$ per annum. If the interest is compounded every three months, how much money will Kishan get on maturity?

Hemchand deposits $1,00,000$ for $1$ year and six months as fixed deposit in Rural Bank at an interest rate of $8\%$ per annum. If the interest is compounded every three months, how much money will Hemchand get on maturity?

If a person saves $2$ lakhs for two years in a fixed deposit account at $4\%$ interest rate per annum, what amount will he get on maturity if interest is compounded annually?

Nilesh opens a fixed account for one year in Bank of India and deposits $50000$ at $8\%$ rate of interest. If interest is compounded quarterly then how much money will the bank pay to Nilesh after one year?

Pushpa saved $60000$ for one year six months in a fixed deposit account. How much money will she get on maturity if the rate of interest is $12\%$ per annum and interest is compounded after every six months?

Sriram deposited $20000$ for two years in a fixed deposit account. If the annual rate of interest is $6\%$ per annum and the interest is compounded every six months then what amount will Sriram get after due date?