#### If Sharukh opened a recurring deposit account in a bank and deposited Rs 800 per month for years, then the total money

deposited in the account is

(a) Rs 11400

(b) Rs 14400

(c) Rs 13680

(d) none of these

**Solution:**

(b) Rs 14400

Explanation:

Monthly deposit = Rs800

Period (n) = years = 18 months

.’. Total money deposit = Rs 800 × 18

= Rs 14400

#### Mrs. Asha Mehta deposit Rs 250 per month for one year in a bank’s recurring deposit account. If the rate of (simple) interest is 8% per annum, then the interest earned by her on this account is

(a) Rs 65

(b) Rs 120

(c) Rs 130

(d) Rs 260

**Solution:**

(c) Rs 130

Explanation:

Deposit per month (P) = Rs 250

Period (n) = 1 year = 12 months

Rate (r) = 8 % p.a.