
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 per annum and Mr. Britto gets from the bank after yr, then find the value of his monthly instalment.


Important Questions on Banking



Sneha opened a cumulative time deposit account with a bank and deposits yr. If she receives as interest, then find the rate of interest per annum.

Dinesh opened a Recurring Deposit Account with State Bank of India. He deposited, per month at per annum. · He received, as interest. Then, the time period of his deposit will be

A Recurring Deposit Account of, per month has a maturity value of, . If the rate of interest is and the interest is calculated at the end of every month, then find the time of this Recurring Deposit Account.
(a) months (b) months (c) months (d) months

Vishal has a Recurring Deposit Account in a finance company for yr at per annum. If he gets at the time of maturity, then how much amount per month has been invested by Vishal?

Ravi deposited per month in a Recurring Deposit Account for yr at per annum. Sonu deposited per month in a Recurring Deposit Account for yr at per annum. Which of the following can be concluded about the interests to be paid to them on maturities of their deposits?
