Sample QuestionsBanking questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
Harishankar opened a recurring deposit account in a bank and deposited ₹ $ 800$ per month for 18 months. If he received ₹ $ 15,084$ at the time of maturity, find the rate of interest per annum.
View full solution →Reema deposited ₹ $ 200$ per month for 3 years in a bank's recurring deposit account. If the bank pays interest at the rate of $11 \%$ p.a., find the amount she gets on maturity.
View full solution →Ram deposits ₹ $ 1000$ per month in a recurring deposit account for $3$ years at $8 \%$ per annum interest. Find the maturity value.
View full solution →Kabeer opened a recurring deposit account in a bank and deposited ₹ $300$ per month for two years. If he received ₹ $7,725$ at the time of maturity, find the rate of interest per annum.
View full solution →Mr. Sonu has a recurring deposit account and deposits ₹ $ 750$ per month for 2 years. If he gets ₹ $ 19,125$ at the time of maturity, find the rate of interest.
View full solution →Vandana has a recurring time deposit account of ₹ $340$ per month at $6 \%$ p.a. If she gets ₹ $ 7157$ at the time of maturity, find the total time for which the account was held.
View full solution →Mr Garg deposits a certain sum of money each month in a recurring deposit account of a bank. If the rate of interest is $8 \%$ p.a, and Mr Garg gets ₹ $8,088$ from the bank after 36 months, find the value of his monthly instalment.
View full solution →Mr Gupta has a recurring deposit account in a bank. He deposits ₹ $2500$ per month for two years. If he gets ₹ $66,250$ at the time of maturity, find :
(a) the interest paid by the bank
(b) the rate of interest.
View full solution →Manish opened a recurring deposit account in a bank. He deposited ₹ $ 2500$ per month for two years. At the time of maturity, he got ₹ 67,500 . Find :
(a) the total interest earned by Manish
(b) the rate of interest per annum.
View full solution →Priyanka has a recurring deposit account of ₹ $1000$ per month at $10 \%$ per annum. If she gets ₹ $ 5550$ as interest at the time of maturity, find the total time for which the account was held.
View full solution →Dinesh has a recurring deposit account, which pays interest at $5 \%$ p.a. If he pays ₹ $ 2500$ per month for 2 years, then the interest he will get at the time of maturity is :
View full solution →Sameer has a recurring deposit account in a bank for 3 years at $4 \%$ p.a. simple interest. If he gets ₹ $ 4,440$ as interest at the time of maturity, then the monthly instalment is :
View full solution →Ajay deposited ₹ $2400$ per month for 18 months in a bank's recurring deposit account. If the bank pays interest at $6 \%$ p.a., the interest he gets at the time of maturity is :
View full solution →Manisha deposited ₹ $500$ per month in a recurring deposit account for 2 years. If the bank pays interest at $8 \%$ p.a., then the interest she gets at the time of maturity is :
View full solution →Amrita deposited ₹ $ 1600$ per month in a recurring deposit account for 2 years. If the rate of interest is $8 \%$ p.a., then the interest earned by her at the time of maturity is :
View full solution →Assertion (A) : Mukesh deposits ₹ $ 1000$ per month in a recurring deposit account for $3$ years at $5 \%$ p.a. The maturity value he gets is ₹ $38775$.
Reason (R) : Under Recurring Deposit Scheme, an investor deposits a fixed amount every month for a specified time period.
View full solution →Assertion (A) : Kaveri has a 2 year recurring deposit account and deposits ₹ $2000$ per month. On maturity she gets ₹ $ 48,000$ plus interest.
Reason (R) : Maturity value $=( P \times n)+$ S.I.
View full solution →Assertion (A) : A recurring deposit is also known as cumulative time deposit.
Reason (R) : In a recurring deposit acount, the amount received by the account holder on the expiry of the specified period is known as premium.