M L Aggarwal Solutions for Exercise 3: Chapter Test

Mr. Dhruv deposits $₹600$ per month in a recurring deposit account for $5$ years at the rate of $10\%$ per annum (simple interest). Find the amount $\left(\mathrm{in} ₹\right)$he will receive at the time of maturity.

Ankita started paying $₹400$ per month in a $3$ year recurring deposit. After six months her brother Anshul started paying $₹500$ per month in a $2\frac{1}{2}$ years recurring deposit. The bank paid $10\%$ p.a. simple interest for both. At maturity who will get more money and by how much?

Shilpa has a $4$ yr Recurring Deposit Account in Bank of Maharashtra and deposits $₹800$ per month. If she gets $₹48200$ at the time of maturity, then find the rate of (simple) interest.

Shilpa has a $4$ yr Recurring Deposit Account in Bank of Maharashtra and deposits $₹800$ per month. If she gets $₹48200$ at the time of maturity, then find the total interest $\left(\mathrm{in} ₹\right)$earned by Shilpa.

Mr. Chaturvedi has a recurring deposit account in Grindlay's Bank for $4\frac{1}{2}$ years at $11\%$ p.a. (simple interest). If he gets $₹101418.75$ at the time of maturity, find the monthly instalment $\left(\mathrm{in} ₹\right)$.

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.