R K Bansal Solutions for Exercise 1: EXERCISE

Gopal has a cumulative deposit account and deposits $₹900$ per month for a period of $4$years. If he gets $₹52,020$ at the time of maturity, find the rate of interest.

Deepa has a $4$-year recurring deposit account in a bank and deposits$₹1,800$ per month. If she gets $₹1,08,450$ at the time of maturity, find the rate of interest.

Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. If the rate of interest is of $8\%$ per annum and $\mathrm{Mr}$. Britto gets $₹8,088$ from the bank after $3$years, find the value of his monthly instalment. 

Shahrukh opened a Recurring Deposit Account in a bank and deposited $₹800$ per month for $1\frac{1}{2}$ years. If he received $₹15,084$ at the time of maturity, find the rate of interest per annum

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 ? $1,000,$ find the interest earned in $2$years.

Katrina opened a recurring deposit account with a Nationalized Bank for a period of $2$years. If the bank pays interest at the rate of $6\%$ per annum and the monthly instalment is $₹ 1,000,$ find the maturity value.

Mohan has a recurring deposit account in a bank for$2$ years at $6\%$ p.a. simple interest. If he gets$₹1,200$ as interest at the time of maturity, find:

the monthly instalment.

Mohan has a recurring deposit account in a bank for$2$ years at $6\%$ p.a. simple interest. If he gets$₹1,200$ as interest at the time of maturity, find:

the amount of maturity.