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Mathematics Assertion (A) & Reason (B) MCQ

Banking · ICSE STD 10 (ICSE - English Medium). 3 questions.

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Assertion (A) & Reason (B) MCQ

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3 questions · timed · auto-graded

Question 11 Mark
Assertion (A) : Mukesh deposits ₹ $ 1000$ per month in a recurring deposit account for $3$ years at $5 \%$ p.a. The maturity value he gets is ₹ $38775$.
Reason (R) : Under Recurring Deposit Scheme, an investor deposits a fixed amount every month for a specified time period.
Answer
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Question 21 Mark
Assertion (A) : Kaveri has a 2 year recurring deposit account and deposits ₹ $2000$ per month. On maturity she gets ₹ $ 48,000$ plus interest.
Reason (R) : Maturity value $=( P \times n)+$ S.I.
Answer
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Question 31 Mark
Assertion (A) : A recurring deposit is also known as cumulative time deposit.
Reason (R) : In a recurring deposit acount, the amount received by the account holder on the expiry of the specified period is known as premium.
Answer
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Assertion (A) & Reason (B) MCQ - Mathematics STD 10 Questions - Vidyadip