allerySchool RD: which monthly deposit gives ₹12,390 after 12 months at 6% yearly?
A₹1,050
B₹1,000
C₹975
D₹1,025
Answer & Solution
Correct answer: B. ₹1,000
Maturity equals 12.39 times the monthly deposit, so the instalment is ₹1,000.
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