MA PRACTICE EXERCISE 4, Mohan deposits € 80 per month in a Cumulative or Recurring Deposit Account for six years. Find the amount payable to him on maturity, if the rate of interest is 6% per annum. 2, Sheetal has a Recurring Deposit Account in a bank and deposits & 300 per month at the rate of 7% per annum. At the time of maturity, she would receive 7,725.Findthe time forwhich the accountwouldbe held. 3. Manu has a 5 years Recurring Deposit Account and deposits 240 per month. If he receives @ 17,694 at the time of maturity, find the rate of interest. Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. If the rate of interest is 8% per annum and Mr. Britto gets 8,088 from the bank after 3 years, find the value of his monthly instalment. 013} MM, STORM YOUR BRAIN 1. Jagdish gets € 6455 at the end of one year at the rate of 14% p.a. in a Recurring Deposit Account. Find the monthly instalment. 2. Saira has a Recuising Deposit Aveount in a bank for 3 years 6 months at 9.5% simple interest p.a. If she gets & 1,57,276 at the time of maturity, find the ‘monthly instalment. = Self Evaluation Test 5. Shanrukh opened a Recurring Deposit Account in a bank and deposited & 800 per month for 1¥4 years. If he received ® 15,084 at the time of maturity, find the rate of interest per annum. tena) 6. Vishal has a Recurring Deposit Account in a bank of 2000 per month at the rate of 10% per annum for 3 years. Find the amount received on maturity. 7. Katrina opened a Recurring Deposit Account with a Nationalised Bank for a period of 2 years. If the hank pays interest at the rate of 60% per annum and the monthly instalment is € 1000, find the: (2015) (0 interest earned in 2 years. Gi) matured value. 8. Mohan has a Recurring Deposit Account in a bank for 2 years at 6% p.a. simple interest. It gets € 1200 as interest at the time of maturity. find: 12061 (@ the monthly instalment (#) the amount of maturity. 3. Sandeep deposits € 2000 per month in a Recurring Deposit Account for 3 years. At the time of maturity, he gets € 80,880. Find: ( the rate of interest per annum (ii) the total interest earned by Sandeep Level 1 1, Sarojini deposits & 1000 every month a Reous ng Deposit Account for 3 years at 9% simple interest per annum, Find the total amount deposited by her in 3 years. 2, Sanjeev deposits & 2000 every month in a Recurring Deposit Account for 3 years at 10% simple interest per annum. What will be the equivalent principal for one month? Level 2 &. id the interest earned at 8% simple interest pa. on a Recurring Deposit Account of 1000 per month for 1 yes 4. Verender deposits € 1000 every month in a Recurring Deposit Account for 2 years at 9% simple interest per annum. Find the interest he will earn in 2 years, Level 3 5. Palak has a Recurring Deposit Accoun in a bank of € 700 per month for 5 years. At the time of maturity, she gets & 51,607.50. Find the rate of interest per annum. 6. Diksha has a Recurring Deposit Account in a bank for 3 years at the rate of 9% p.a. simple interest. She gets % 65592 at the time of maturity. Find the monthly instalment.