Mathematics
Mr. Kumar has a recurring deposit account in a bank for 4 years at 10% p.a. rate of interest. If he gets ₹ 21,560 as interest at the time of maturity, find :
(i) the monthly instalment paid by Mr. Kumar.
(ii) the amount of maturity of this recurring deposit account.
Related Questions
Some goods/services are supplied for ₹ 20,000 from Mathura (U.P.) to Ratlam (M.P.) and then from Ratlam to Indore (M.P.). If at each stage, the rate of tax under G.S.T. system is 12% and the profit made by the dealer in Ratlam is ₹ 3,750; find the cost of the article (in Indore) under GST.
A dealer in Calcutta supplied the following goods/services to another dealer in Banaras. Find the total amount of bill :
Cost (in ₹) in Calcutta Discount % GST % 1050 18 1750 18 1100 25 18 1425 30 18 1725 40 18 The maturity value of a cumulative deposit account is ₹ 1,20,400. If each monthly installment for this account is ₹ 1,600 and the rate of interest is 10% per year, find the time for which the account was held.
Rajat invested ₹ 24,000 in 7% hundred rupee shares at 20% discount. After one year, he sold these shares at ₹ 75 each and invested the proceeds (including dividend of first year) in 18% twenty five rupee shares at 64% premium. Find :
(i) his gain or loss after one year.
(ii) his annual income from the second investment.
(iii) the percentage of increase in return on his original investment.