Sneha deposits Rs. 350 every month in an RD account for 3 years (36 months) at 8% p.a. Find the total maturity value she...

Type: MCQ • Marks: 1

Sneha deposits Rs. 350 every month in an RD account for 3 years (36 months) at 8% p.a. Find the total maturity value she receives.

A. 1) Rs. 13,800

B. 2) Rs. 14,800

C. 3) Rs. 14,500

D. 4) Rs. 14,154

Explanation

Principal = 350 * 36 = Rs. 12,600. Interest = 350 * 36 * 37 * 8 / 2400 = Rs. 1,554. Maturity Value = 12600 + 1554 = Rs. 14,154.

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UP TGT Mathematics

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