Tag: banking
Questions Related to banking
Sheela has a recurring deposit in a bank at $2\%$ per annum simple interest. If she pay monthly installments Rs.$200$ for annually. Find her Maturity value.
______ type of account is operated by salaried persons and petty traders.
Rita has a recurring deposit in a bank at $4\%$ per annum simple interest. If she pay monthly installment s Rs.$1000$ for annually. Find her Maturity value.
Ahmed has a recurring deposit account in a bank.He deposits Rs $5,500$ per month for 2 years.If he gets Rs $1,46,437.5$ at the time of maturity. Find the interest paid by the bank.
Nithya deposited Rs. $100$ per month for $12$ months in a bank's recurring deposit account. If the bank pays interest at the rate of $10\%$ per annum, find the amount she gets on maturity.
Mohan deposited Rs.$80$ per month in a cumulative deposit account for six years. Find the amount payable to him on maturity, if the rate of interest is $6\%$ per annum.
Priya has a recurring deposit in a bank at $10\%$ per annum simple interest. If she pay monthly installment s Rs.$700$ for annually. Find her Maturity value.
Meena has a recurring deposit in a bank at $12\%$ per annum simple interest. If she pay monthly installment s Rs.$400$ for annually. Find her Maturity value.
An amount of Rs. $20000$ is deposited in a bank for $2$ years and paying an annual interest rate of $5\%$, compounded yearly. Find the maturity value.
Sonya deposited Rs. $200$ per month in her bank for six months under the recurring deposit scheme. What will be the maturity value of her deposit, if the rate of interest is $7\%$ per annum and the interest is calculated at the end of every month?