Rohan invests in an RD scheme depositing Rs. 2,500 monthly for 2 years (24 months) at 10% p.a. Find the total interest a...

Type: MCQ • Marks: 1

Rohan invests in an RD scheme depositing Rs. 2,500 monthly for 2 years (24 months) at 10% p.a. Find the total interest and maturity amount.

A. 1) Interest Rs. 2,800; Maturity Rs. 62,800

B. 2) Interest Rs. 3,125; Maturity Rs. 63,125

C. 3) Interest Rs. 2,500; Maturity Rs. 60,000

D. 4) Interest Rs. 2,500; Maturity Rs. 62,500

Explanation

Principal = 2500 * 24 = Rs. 60,000. Interest = 2500 * 24 * 25 * 10 / 2400 = Rs. 2,500. Maturity Amount = 60000 + 2500 = Rs. 62,500.

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UP TGT Mathematics

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