#
(i) Mr. Gulati has a Recurring Deposit Account of Rs. 300 per month. If the rate of interest is 12% and the maturity value of this account is Rs. 8,100; find the time (in years) of this Recurring Deposit Account.

(ii) Mr. Bajaj needs Rs. 30,000 after 2 years. What least money (in multiple of Rs. 5) must be deposit every month in a recurring deposit account to get required money after 2 years, the rate of interest being 8% p.a.?

1
by samharsh

Log in to add a comment