Question 1

(1) Kishan deposited Rs. 360 per month in a cumulative time deposit account with PNB for 2 years. If the rate of interest is 7% per annum, then the amount he get at the time of maturity is :

Accepted Answer

c) Rs. 9,270

Answer

a) Rs. 2,790

Answer

d) Rs. 7,290

Answer

b) Rs. 9,720

Question 2

(2) Nita deposited Rs. 100 per month for 12 months in a banks recurring deposit account. If the bank pays interest at a rate of 9% per annum, then the total amount deposited by Nita during this period is:

120

d) Rs. 1,800

b) Rs. 2,400

a) Rs. 1,200

c) Rs. 1,500

Accepted Answer

a) Rs. 1,200

Answer

d) Rs. 1,800

Answer

b) Rs. 2,400

Answer

c) Rs. 1,500

Question 3

(3) Reeta deposited Rs. 80 per month in a cumulative deposit account for 5 years if the bank pays interest at a rate of 6% per annum, find the amount payable to her at the time of maturity.

Accepted Answer

b) Rs. 5,532

Answer

a) Rs. 5,325

Answer

d) Rs. 5,352

Answer

c) Rs. 5,235

Question 4

(4) Mohan deposited Rs. 200 per month in a recurring deposit account for 18 months. If the rate of interest is 9% per annum, then the interest earned by him during this period is:

Accepted Answer

d) Rs. 256.50

Answer

b) Rs. 3,343.50

Answer

a) Rs. 3,856.50

Answer

c)  Rs. 330

Question 5

(5) Reshma deposited some money per month for 1 $\frac{1}{2}$ years at 9% per annum in some finance company. if she gets Rs. 15,426 at the time of maturity, then the amount invested by her per month is :

Accepted Answer

a) Rs. 800

Answer

b) Rs. 900

Answer

d) Rs. 1,100

Answer

c) Rs. 1,000

Question 6

(6) Sneha deposited Rs. 600 per month in a R.D. account . If the matured value of this account was Rs.24,930 and the rate of interest was 10% per annum, then the time for which the account was held is:

Accepted Answer

b) 3 years

Answer

a) 2 years

Answer

d) 1 year

Answer

c) 4 years

Question 7

(7) Shahrukh opened a R.D. account in a bank and deposited Rs. 800 per month for 1 $\frac{1}{2}$ years. If he received Rs. 15,084 at the time of maturity, then the rate of interest per annum is:

Accepted Answer

a) 6%

Answer

c) 7%

Answer

d) 7.5%

Answer

b) 6.5%

Question 8

(8) Reeta deposited Rs. 350 per month in a R.D. account for 1 $\frac{1}{2}$ years. If the matured value of this account is Rs. 5,565, then the interest received is:

Accepted Answer

d) Rs. 315

Answer

c) Rs. 350

Answer

b) Rs. 485

Answer

a) Rs. 385

Question 9

(9) Shekhar has a R.D. account in a bank. He deposits Rs. 800 per month and gets Rs. 798 as interest. If the rate of interest is 8% per annum, then the total time for which the account was held, is :

Accepted Answer

c) 1 $\frac{1}{2}$ years

Answer

a) 8 months

Answer

b) 1 years

Answer

d) 1 $\frac{1}{2}$ years

Question 10

(10) Eesha deposited Rs. 200 per month in a R.D. account of Canara bank for 3 years. If the bank pays an interest of 11% per annum then the matured value of this account is........

Accepted Answer

c) Rs. 8,421

Answer

b) Rs. 8,124

Answer

d) Rs. 8,214

Answer

a) Rs. 8,412

Question 11

(11) Mr.Singh opened a R.D. account for 2 years and deposited Rs. 2,500 per month. At the time of maturity, he got Rs. 67,500. The total interest earned by him during this [period is .......

Accepted Answer

d) Rs. 7,500

Answer

b) Rs. 8,000

Answer

c) Rs. 7,000

Answer

a) Rs. 8,500

Question 12

(12) Nisha has a R.D. account in which she deposit Rs. 600 per month for 4 years. If she gets Rs. 5,880 as interest at the time of maturity, then the rate of interest is.....per annum

Accepted Answer

a) 10%

Answer

c) 8%

Answer

b) 9%

Answer

d) 6%

Question 13

(13) Assertion: Mrs. Mehta has a cumulative time deposit account in a bank. She deposits Rs. 600 per month for 6 years and received Rs. 53,712 at the end of maturity period. Then the rate of interest is 8% per annum.

Reason: The maturity value of a R.D. account includes the amount deposited by the account holder together with the interest compounded quarterly at a fixed rate.

Accepted Answer

b) Both assertion and reason are correct but reason is not the correctexplanation of assertion.

Answer

c) Assertion is correct but reason isincorrect.

Answer

d) Assertion is incorrect but reason is correct.

Answer

a) Both assertion and reason are correct andreason is the correct explanation of assertion.

Question 14

(14) Assertion: Akbar has a recurring deposit account in a bank and deposits Rs. 400 per month for 3 years. If he gets Rs. 16,176 on maturity, then the rate of interest paid by the bank is 8% per annum.

Reason: If n is a natural number, then

1+2+3+... +n = $\frac{n\left(n+1\right)}{2}$

Accepted Answer

b) Both assertion and reason are correct but reason is not the correct explanation of assertion.

Answer

d) Assertion is incorrect but reason is correct.

Answer

c) Assertion is correct but reason is incorrect.

Answer

a) Both assertion and reason are correct and reason is the correct explanation of assertion.

Question 15

(15) Vasundhara has a recurring deposit account in a bank for 3 years at 10% p.a. She gets Rs. 4,162.50 as interest on maturing.

Find her monthly installment.

Accepted Answer

c) Rs. 750

Answer

a) Rs. 600

Answer

d) Rs. 825

Answer

b) Rs. 685

Question 16

(16) Vasundhara has a recurring deposit account in a bank for 3 years at 10% p.a. She gets Rs. 4,162.50 as interest on maturing.

The amount received by her at the time of maturity is:

Accepted Answer

a) Rs. 31,162.50

Answer

d) Rs. 35,235

Answer

b) Rs. 31,126.50

Answer

c) Rs. 35,325

Question 17

(17) Vasundhara has a recurring deposit account in a bank for 3 years at 10% p.a. She gets Rs. 4,162.50 as interest on maturing.

The interest for 2 years will be :

Accepted Answer

d) Rs. 1,875

Answer

b) Rs. 1,785

Answer

c) Rs. 1,578

Answer

a) Rs. 1,587

Question 18

(18) Vasundhara has a recurring deposit account in a bank for 3 years at 10% p.a. She gets Rs. 4,162.50 as interest on maturing.

The interest for one year will be:

Accepted Answer

b) Rs. 487.50

Answer

a) Rs. 450

Answer

c) Rs. 2,287.50

Answer

d) Rs. 2,584.50

Question 19

(19) Vasundhara has a recurring deposit account in a bank for 3 years at 10% p.a. She gets Rs. 4,162.50 as interest on maturing.

For P = Rs. 2000, r = 10 % p.a., n = 5 years, the maturity value of a R. D. account is :

Accepted Answer

b) Rs. 1, 50, 500

Answer

a) Rs. 1, 50, 000

Answer

c) Rs. 1, 51, 000

Answer

d) Rs. 1, 55, 000

Question 20

(20) Ahmed has a recurring deposit account in a bank. He deposits Rs. 2500 per month for 2 years. If he gets Rs. 66,250 at the time of maturity, then answer the following question:

The interest paid by the bank is:

Accepted Answer

b) Rs. 6250

Answer

c) Rs. 7925

Answer

d) Rs. 8115

Answer

a) Rs. 6000

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