A and B opened a recurring deposit account in a bank which is paying simple interest at 9% per annum. A deposited ₹ 1,500 for one year and B deposited ₹ 1,200 for 15 months. The amount invested by :
(a) A is ₹ 27 more than B
(b) A is ₹ 300 more than B
(c) A is ₹ 300 less than B
(d) Both A and B are same (₹ 18,000)
(d) Both A and B are same (₹ 18,000)
Explanation:
For A:
Amount invested = ₹ 1,500 × 12 = ₹ 18,000
For B:
Amount invested = ₹ 1,200 × 15 = ₹ 18,000
Therefore, both A and B invested the same amount, ₹ 18,000.
More ICSE Easy level questions
Rohit and Vinay both opened a recurring deposit account in a bank for 2 years at 8% simple interest. Vinay deposited ₹ 300 per month. On maturity, Rohit’s interest was ₹ 800 more than Vinay’s interest. Find: (a) interest earned by Vinay. (b) sum deposited by Rohit every month.
Mr Anuj deposits ₹500 per month for 18 months in a recurring deposit account at a certain rate. If he earns ₹570 as interest at the time of maturity, then his matured amount is: (a) ₹(500 × 18 + 570) (b) ₹(500 × 19 + 570) (c) ₹(500 × 18 × 19 + 570) (d) ₹(500 × 9 × 19 + 570)
Naveen deposits ₹800 every month in a recurring deposit account for 6 months. If he receives ₹4884 at the time of maturity, then the interest he earns is: (a) ₹84 (b) ₹42 (c) ₹24 (d) ₹284
Salman deposits ₹1000 every month in a recurring deposit account for 2 years. If he receives ₹26,000 on maturity, find: (a) the total interest Salman earns (b) the rate of interest.
Mrs Rao deposited ₹250 per month in a recurring deposit account for 3 years. She received ₹10,110 at maturity. Find: (a) the rate of interest. (b) how much more interest she would receive if she deposited ₹50 more per month at the same rate and for the same time.
Suresh has a recurring deposit account in a bank. He deposits ₹2000 per month and the bank pays interest at the rate of 8% per annum. If he gets ₹1040 as interest at the time of maturity, find in years the total time for which the account was held.
Rakhi’s mobile number has the following integers : 1, 6, 9, 8, 9, 1, 7, 8, 9 The mode of the above given data is : (a) 1 (b) 6 (c) 8 (d) 9
If A = and B = , then the order of AB is: (a) 2 × 2 (b) 2 × 1 (c) 1 × 2 (d) AB is not possible
The marked price of a refrigerator is ₹ 12,000 and GST paid by the customer is ₹ 2,160. The rate of GST is: (a) 5% (b) 12% (c) 18% (d) 28%
Assertion (A): The probability of getting a number greater than 6 on throwing a die is . Reason (R): The possible outcomes on throwing a die are 1, 2, 3, 4, 5 and 6. (a) A is true and R is false. (b) A is false and R is true. (c) Both A and R are true and R is the correct explanation of A. (d) Both A and R are true but R is not the correct explanation of A.
(x + 3), 1, (3x − 7) and −5 are in proportion. The value of x is : (a) −1 (b) 1 (c) −5 (d) 5
The areas of two similar triangles are in the ratio 9 : 64. The ratio of their corresponding altitudes is: (a) 3 : 8 (b) 2 : 1 (c) 9 : 64 (d) 8 : 3
