Question

EmailingBank
CHAP ... tion Bank.pdf
CONTACT NO:- 7977347685 /7666015693 #12

Files 8 of 9
Page
TYPE
To Calculate 4
‘n’
1. Beena has a C.D account of ₹400 per month at 10% p.a. simple
₹30100
interest. at gets
If she the time of maturity, find the total time for which
the account was held. Ans. 5
2. Monica has a CD Account in the Union Bank of India and years
month. If the
deposited ₹600 per maturity value of this account is ₹24930 and the
p.a.
rate find the time
of interest is (in
10% years) for which the account was held.
Ans.3years
3. Jainil
Emailing opens
C ... an recurring
Bank.pdfdeposit account in a bank of ₹400 per
installments
month. How manydoes he have to pay to get a maturity of ₹8560 if
simple
the bankinterest
pays aof
8% p.a.? Ans.
4. Puneet has a recurring deposit account in a bank and deposit 20
receives ₹10,100
₹400 per month. If he at the time of maturity, find the time for which
if
thethe rate of is
account interest
held
is 5% p.a Ans. 24 month ,2yrs

5. Arnav deposits ₹500 every month at 12% p.a. in a bank in a

scheme.
recurring The bank pays ₹5275 on maturity find the time for
deposit
held.
which the account is
Ans. 10 months

6. Ritika deposits ₹200 every month in a recurring deposit scheme

p.a. Ifasshe
at 8%₹1648 thegets
maturity amount, find the period for which
the account is held. Ans. 8

7. Sonya deposits ₹300 per month at 8% p.a. in a bank and months

of the
receives account.
₹4740 Find out the total time for which the recurring
on maturity
held. Ans.
deposit N = 15,
account is One year 3 months
CONTACT NO:- 7977347685 /7666015693 #12

Page 9 of 9
8. Arnav deposits ₹500Page 8 at/ 12%
every month 9 p.a. in a bank in a
scheme.
recurring The bank pays ₹5275 on maturity. Find the time for
deposit