Same chapter4 marksDifficulty: Medium
A recurring deposit of ₹400 per month runs for 5 years at 8% per annum. Find the interest and the maturity value.
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1 markDifficulty: Medium
The equivalent principal for one month in a recurring deposit of ₹500 per month for 12 months is:
- a₹6,000
- b₹39,000
- c₹32,500
- d₹78,000
Original Khojo Papers practice question — not from a past board paper.
Answer
₹39,000
No citable source has been recorded for this record. Treat it as practice material, not as fact.
Explanation
It is P × n(n+1)/2 = 500 × 12 × 13/2 = ₹39,000.
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