A recurring deposit of Rs. 2,000 per month is made for 24 months at 8% p.a. simple interest. Find the maturity amount.

Type: MCQ • Marks: 1

A. 53000

B. 52000

C. 51000

D. 52500

Explanation

Interest=(24×25/2)×2000×8/(12×100)=Rs. 4,000. Maturity=48000+4000=Rs. 52,000.

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UP TGT Mathematics

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