Accounts

IMPORTANT

Accounts: Overview

This topic covers concepts such as Fixed Deposits, Recurring Deposit Account and Maturity Value of Recurring Deposit.

Important Questions on Accounts

HARD
IMPORTANT

Seema deposited 4000 for 1 years in a fixed deposited account in a Rural bank. if the annual rate of interest is 5% per annum and is compounded quarterly what amount will get Seema fater at end of year. 

MEDIUM
IMPORTANT

Udit deposited 24,000 for 3years in a fixed deposited account in SBI bank.. if the rate of interest per annum is 12% compounded annually, then find the maturity amount at the end of 3 years.

EASY
IMPORTANT

Priya deposited rupees 800 per month for 36 months in Union bank's recurring deposit account. If the Union bank pays interest at the rate of 10% per annum, find the amount she gets on maturity of her deposited amount after 36 months.

MEDIUM
IMPORTANT

Ritika opened a recurring deposit account in Punjab Bank for a period of 3 years.If the bank pays interest at the rate of 8%per annumand the monthly installment isrupees 2000 , find the:
(i) Interest earned in 3 years
(ii) Matured Amount

EASY
IMPORTANT

Rahul deposited 30,000 for two years in a fixed deposit account in an Union bank. If the annual rate of interest is 6% per annum and the interest is compounded every six months then what amount Rahul will get after two years from the Union bank.

EASY
IMPORTANT

Rohan has a recurring deposit account in a Rural(Grameen) bank. He deposits rupees 3000  per month for 2 years.If he gets rupees 80,000 at the time of maturity. Find the rate of interest he will get after 2 years .

EASY
IMPORTANT

Sohan deposited rupees 80,000 for three years in a fixed deposit account in a Rural bank. If the rate of interest per annum is 20% and interest is compounded every year, then on maturity how much money will the Sohan will get by the bank

EASY
IMPORTANT

Rahul deposited 20,000 for 2 years in a fixed deposit account in a Union Grameen(Rural) Bank. If the rate of interest per annum is 10%, compounded annually, then find the maturity amount in Rahul's account at the end of 2 years.

MEDIUM
IMPORTANT

Savita opened a recurring deposit account with a Nationalised Bank for a period of three years. If the bank pays interest at the rate of 5% per annum and the monthly instalment is Rs. 2000. Find the matured value.

MEDIUM
IMPORTANT

Savita opened a recurring deposit account with a Nationalised Bank for a period of three years. If the bank pays interest at the rate of 5% per annum and the monthly instalment is Rs. 2000. Find the interest earned in three years.

MEDIUM
IMPORTANT

Sanjeev sharma opened a saving account in a bank for six months, where he had to deposit 300 every month. If the annual rate of interest is 6%,Then what will be the maturity amount at the end of six months

MEDIUM
IMPORTANT

Kavita opened a recurring deposit account with a Nationalised Bank for a period of two years. If the bank pays interest at the rate of 5% per annum and the monthly instalment is Rs. 2000. Find the interest earned in two years.

MEDIUM
IMPORTANT

Mr. Britto opened a recurring deposit account in a bank. He deposited Rs. 1500 per month for three years. At the time of maturity he got Rs. 7000. Find the total interest earned by Mr. Britto.

MEDIUM
IMPORTANT

Mr. Britto opened a recurring deposit account in a bank. He deposited Rs. 1500 per month for three years. At the time of maturity he got Rs. 7000. Find the rate of interest per annum.

HARD
IMPORTANT

Priya made a fixed deposit of Rs. 10,000 in a bank on 1/1/2020 for 220 days under 10% p.a. simple interest. Find out the maturity value.

MEDIUM
IMPORTANT

Mr. Sharma opened a recurring deposit account in a bank. He deposited Rs.2,000 per month for two years. At the time of maturity he got Rs.6000. Find:

The rate of interest per annum.

MEDIUM
IMPORTANT

A recurring deposit account of Rs.1,000 per month has a maturity value of Rs.12,000. If the rate of interest is 8% and the interest is calculated at the end of every month; find the time (in months) of this Recurring Deposit Account.

HARD
IMPORTANT

Each of A and B both opened recurring deposit accounts in a bank. If A deposited  Rs.1,200 per month for 3 years and B deposited Rs.1500 per month for 212 years; find, on maturity, who will get more amount and by how much? The rate of interest paid by the bank is 10% per annum.

MEDIUM
IMPORTANT

Rajveer deposits 600 per month in a recurring deposit account for 4 years. If the rate of interest is 8% per year ; calculate the maturity value of his account.

MEDIUM
IMPORTANT

Manish opens a Recurring Deposit Account with the Bank of Rajasthan and deposits Rs.600 per month for 20 months. Calculate the maturity value of this account, if the bank pays interest at the rate of 10% per annum.