allerySchool RD at 6% yearly: maturity is 25.5 times the monthly deposit. Duration?
A18 months
B24 months
C25 months
D30 months
Answer & Solution
Correct answer: B. 24 months
At 24 months maturity per unit instalment is 24+24×25×6/2400, or 25.5.
Keep practising Commercial Mathematics: GST, Banking & Shares
Browse all Commercial Mathematics: GST, Banking & Shares questions for ICSE Class 10, or explore more Mathematics topics.
Related questions
Item ₹800, repairs ₹200; profit 25% on total net cost, then 12% GST. Bill?Output GST ₹180; eligible credit ₹250. Excess is carried forward, no refund. Amount carrieCGST due ₹120, credit ₹80; SGST due ₹120, credit ₹150. No cross-use. Cash GST due?Input GST ₹300; only 60% is eligible credit. Output GST ₹500. Cash GST due?Buys ₹4000+5% GST; all input GST usable. Net GST ₹50, sales GST 5%. Taxable sales?Receipts ₹1430, stock outlay ₹1100, both incl 10% GST. Full input GST usable. Profit afterGST-inclusive purchase ₹1120, sale ₹1680; both at 12%. All input GST usable. Cash GST?Buys ₹2000+10% GST; sells ₹2500+10% GST. All input GST usable as credit. Cash GST?