Same chapter1 markDifficulty: Easy
In a recurring deposit of ₹P per month for n months, the total sum deposited is:
Banking
2 marksDifficulty: Easy
Rahul deposits ₹800 per month in a recurring deposit account for 18 months. Find the total sum he deposits.
Original Khojo Papers practice question — not from a past board paper.
Answer
₹14,400
No citable source has been recorded for this record. Treat it as practice material, not as fact.
Explanation
Total deposited = 800 × 18 = ₹14,400.
Related questions
From the same topic and chapter, at a similar level.
Same chapter1 markDifficulty: Easy
The maturity value of a recurring deposit account is:
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Same chapter2 marksDifficulty: Easy
Why is the interest on a recurring deposit calculated on n(n+1)/2 instalments rather than on n instalments?
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Same chapter2 marksDifficulty: Easy
State two differences between a recurring deposit account and a savings bank account.
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Same chapter2 marksDifficulty: Easy
Anita deposits ₹800 per month in a recurring deposit account for 18 months at 8% per annum. Find the interest she earns.
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Same chapter4 marksDifficulty: Medium
Mohan deposits ₹600 per month in a recurring deposit account for 3 years at 10% per annum. Find the maturity value of the account.
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