MCQEasy1 mark
1
Choose the correct answers to the questions from the given options. (Do not copy the questions, write the correct answers only.)
Naveen deposits ₹ 800 every month in a recurring deposit account for 6 months. If he receives ₹ 4884 at the time of maturity, then the interest he earns is :
Topic: Recurring deposit / interest
Previous-year question practice database
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Answer
Exam answer
(a) ₹84
Explanation
Interest = maturity − deposits = 4884−(800×6)=84.
In words
₹84
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