Same chapter3 marksDifficulty: Medium
Find the number of months for which ₹2,000 must be deposited each month at 7% per annum for the interest to be ₹910.
Banking
4 marksDifficulty: Medium
Deepa deposits ₹1,500 per month for 2 years at 9% per annum. Find the maturity value of her account.
Original Khojo Papers practice question — not from a past board paper.
Answer
₹39,375
No citable source has been recorded for this record. Treat it as practice material, not as fact.
Explanation
She deposits 1,500 × 24 = ₹36,000. Equivalent principal = 1,500 × 24 × 25/2 = ₹4,50,000, so the interest is 4,50,000 × 9/1200 = ₹3,375. Maturity value = ₹39,375.
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