[4 marks sum]

Question 14 Marks

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.

Answer

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Question 24 Marks

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.

Answer

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Question 34 Marks

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.

Answer

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Question 44 Marks

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.

Answer

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Question 54 Marks

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.

Answer

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Question 64 Marks

Mohan has a recurring deposit account in a bank for 2 years at $6 \%$ p.a. simple interest. If he gets ₹ $ 1200$ as interest at the time of maturity, find :
(a) the monthly instalment$\quad$(b) the amount of maturity

Answer

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Mathematics [4 marks sum]

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