A person deposits Rs. 500 per month in a Recurring Deposit account for 12 months. What is the total principal deposited...

Type: MCQ • Marks: 1

A person deposits Rs. 500 per month in a Recurring Deposit account for 12 months. What is the total principal deposited by him?

A. 1) Rs. 6,000

B. 2) Rs. 7,200

C. 3) Rs. 6,500

D. 4) Rs. 5,000

Explanation

Total Principal Deposited = Monthly Deposit * Number of Months = 500 * 12 = Rs. 6,000.

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UP TGT Mathematics

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