{"question":{"id":"rita-held-account-time-maturity-deposit","type":"MultipleChoiceQuestion","category_id":44782,"passage_id":null,"solution":"\u003cp\u003eLet the time of the recurring deposit in month be n\u0026#xA0;\u003c/p\u003e\n\n\u003cp\u003eMonthly installment = \u0026#x20B9;1600\u003c/p\u003e\n\n\u003cp\u003eAmount Deposited = 1600 x n = 1600n\u0026#xA0;\u003c/p\u003e\n\n\u003cp\u003eRate of Interest = 9%\u003c/p\u003e\n\n\u003cp\u003eInterest = P \u003cspan id=\"MathJax-Element-1-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33211\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33212\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33213\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e \u003cspan id=\"MathJax-Element-2-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33214\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33215\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33216\" class=\"mjx-mfrac\"\u003e\u003cspan class=\"mjx-box MJXc-stacked\" style=\"width: 2.994em; padding: 0px 0.12em;\"\u003e\u003cspan class=\"mjx-numerator\" style=\"font-size: 70.7%; width: 4.234em; top: -1.706em;\"\u003e\u003cspan id=\"MJXc-Node-33217\" class=\"mjx-mrow\" style=\"\"\u003e\u003cspan id=\"MJXc-Node-33218\" class=\"mjx-mi\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-math-I\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003en\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33219\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33220\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.446em; padding-bottom: 0.593em;\"\u003e(\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33221\" class=\"mjx-mi\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-math-I\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003en\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33222\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.298em; padding-bottom: 0.446em;\"\u003e+\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33223\" class=\"mjx-mn\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e1\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33224\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.446em; padding-bottom: 0.593em;\"\u003e)\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"mjx-denominator\" style=\"font-size: 70.7%; width: 4.234em; bottom: -0.665em;\"\u003e\u003cspan id=\"MJXc-Node-33225\" class=\"mjx-mrow\" style=\"\"\u003e\u003cspan id=\"MJXc-Node-33226\" class=\"mjx-mn\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e2\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33227\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33228\" class=\"mjx-mtext\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"margin-top: -0.291em; padding-bottom: 0.372em;\"\u003e\u0026#xA0;\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33229\" class=\"mjx-mn\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e12\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan style=\"border-bottom: 1.3px solid; top: -0.296em; width: 2.994em;\" class=\"mjx-line\"\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan style=\"height: 1.677em; vertical-align: -0.47em;\" class=\"mjx-vsize\"\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e \u003cspan id=\"MathJax-Element-3-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33230\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33231\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33232\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e \u0026#xA0;\u003cspan id=\"MathJax-Element-4-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33233\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33234\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33235\" class=\"mjx-mfrac\"\u003e\u003cspan class=\"mjx-box MJXc-stacked\" style=\"width: 1.202em; padding: 0px 0.12em;\"\u003e\u003cspan class=\"mjx-numerator\" style=\"font-size: 70.7%; width: 1.7em; top: -1.159em;\"\u003e\u003cspan id=\"MJXc-Node-33236\" class=\"mjx-mi\" style=\"\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-math-I\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003er\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"mjx-denominator\" style=\"font-size: 70.7%; width: 1.7em; bottom: -0.687em;\"\u003e\u003cspan id=\"MJXc-Node-33237\" class=\"mjx-mn\" style=\"\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e100\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan style=\"border-bottom: 1.3px solid; top: -0.296em; width: 1.202em;\" class=\"mjx-line\"\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan style=\"height: 1.306em; vertical-align: -0.486em;\" class=\"mjx-vsize\"\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\n\n\u003cp\u003e\u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0;=\u0026#xA0;\u0026#xA0;1600\u0026#xA0;\u003cspan id=\"MathJax-Element-5-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33238\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33239\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33240\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e \u003cspan id=\"MathJax-Element-6-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33241\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33242\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33243\" class=\"mjx-mfrac\"\u003e\u003cspan class=\"mjx-box MJXc-stacked\" style=\"width: 2.994em; padding: 0px 0.12em;\"\u003e\u003cspan class=\"mjx-numerator\" style=\"font-size: 70.7%; width: 4.234em; top: -1.706em;\"\u003e\u003cspan id=\"MJXc-Node-33244\" class=\"mjx-mrow\" style=\"\"\u003e\u003cspan id=\"MJXc-Node-33245\" class=\"mjx-mi\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-math-I\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003en\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33246\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33247\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.446em; padding-bottom: 0.593em;\"\u003e(\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33248\" class=\"mjx-mi\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-math-I\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003en\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33249\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.298em; padding-bottom: 0.446em;\"\u003e+\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33250\" class=\"mjx-mn\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e1\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33251\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.446em; padding-bottom: 0.593em;\"\u003e)\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"mjx-denominator\" style=\"font-size: 70.7%; width: 4.234em; bottom: -0.665em;\"\u003e\u003cspan id=\"MJXc-Node-33252\" class=\"mjx-mrow\" style=\"\"\u003e\u003cspan id=\"MJXc-Node-33253\" class=\"mjx-mn\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e2\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33254\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33255\" class=\"mjx-mtext\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"margin-top: -0.291em; padding-bottom: 0.372em;\"\u003e\u0026#xA0;\u003c/span\u003e\u003c/span\u003e\u003cspan id=\"MJXc-Node-33256\" class=\"mjx-mn\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e12\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan style=\"border-bottom: 1.3px solid; top: -0.296em; width: 2.994em;\" class=\"mjx-line\"\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan style=\"height: 1.677em; vertical-align: -0.47em;\" class=\"mjx-vsize\"\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e \u003cspan id=\"MathJax-Element-7-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33257\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33258\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33259\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e \u003cspan id=\"MathJax-Element-8-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33260\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33261\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33262\" class=\"mjx-mfrac\"\u003e\u003cspan class=\"mjx-box MJXc-stacked\" style=\"width: 1.202em; padding: 0px 0.12em;\"\u003e\u003cspan class=\"mjx-numerator\" style=\"font-size: 70.7%; width: 1.7em; top: -1.394em;\"\u003e\u003cspan id=\"MJXc-Node-33263\" class=\"mjx-mn\" style=\"\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e9\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"mjx-denominator\" style=\"font-size: 70.7%; width: 1.7em; bottom: -0.687em;\"\u003e\u003cspan id=\"MJXc-Node-33264\" class=\"mjx-mn\" style=\"\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e100\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan style=\"border-bottom: 1.3px solid; top: -0.296em; width: 1.202em;\" class=\"mjx-line\"\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan style=\"height: 1.472em; vertical-align: -0.486em;\" class=\"mjx-vsize\"\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\n\n\u003cp\u003e\u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0;= 6 \u003cspan id=\"MathJax-Element-9-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33265\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33266\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33267\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003en \u003cspan id=\"MathJax-Element-10-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33268\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33269\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33270\" class=\"mjx-mo\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003e\u0026#xD7;\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e (n+1)\u003c/p\u003e\n\n\u003cp\u003e\u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0; \u0026#xA0; =\u0026#xA0;6 \u003cspan id=\"MathJax-Element-11-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33271\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33272\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33273\" class=\"mjx-msubsup\"\u003e\u003cspan class=\"mjx-base\"\u003e\u003cspan id=\"MJXc-Node-33274\" class=\"mjx-mi\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-math-I\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003en\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"mjx-sup\" style=\"font-size: 70.7%; vertical-align: 0.513em; padding-left: 0px; padding-right: 0.071em;\"\u003e\u003cspan id=\"MJXc-Node-33275\" class=\"mjx-mn\" style=\"\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e2\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e + 6 n\u003c/p\u003e\n\n\u003cp\u003eGiven Maturity Value = 65592\u003c/p\u003e\n\n\u003cp\u003eMaturity Value = Amount Deposited + Interest\u003c/p\u003e\n\n\u003cp\u003e\u0026#xA0; \u0026#xA0; \u0026#xA0;65592\u0026#xA0;= 1600n +\u0026#xA0;6 \u003cspan id=\"MathJax-Element-12-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33276\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33277\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33278\" class=\"mjx-msubsup\"\u003e\u003cspan class=\"mjx-base\"\u003e\u003cspan id=\"MJXc-Node-33279\" class=\"mjx-mi\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-math-I\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003en\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"mjx-sup\" style=\"font-size: 70.7%; vertical-align: 0.513em; padding-left: 0px; padding-right: 0.071em;\"\u003e\u003cspan id=\"MJXc-Node-33280\" class=\"mjx-mn\" style=\"\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e2\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e + 6 n\u003c/p\u003e\n\n\u003cp\u003e\u0026#xA0; \u0026#xA0; 65592 = 1606n +\u0026#xA0;6 \u003cspan id=\"MathJax-Element-13-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33281\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33282\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33283\" class=\"mjx-msubsup\"\u003e\u003cspan class=\"mjx-base\"\u003e\u003cspan id=\"MJXc-Node-33284\" class=\"mjx-mi\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-math-I\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003en\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"mjx-sup\" style=\"font-size: 70.7%; vertical-align: 0.513em; padding-left: 0px; padding-right: 0.071em;\"\u003e\u003cspan id=\"MJXc-Node-33285\" class=\"mjx-mn\" style=\"\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e2\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\n\n\u003cp\u003e\u0026#xA0; \u0026#xA0;6 \u003cspan id=\"MathJax-Element-14-Frame\" class=\"mjx-chtml\"\u003e\u003cspan id=\"MJXc-Node-33286\" class=\"mjx-math\"\u003e\u003cspan id=\"MJXc-Node-33287\" class=\"mjx-mrow\"\u003e\u003cspan id=\"MJXc-Node-33288\" class=\"mjx-msubsup\"\u003e\u003cspan class=\"mjx-base\"\u003e\u003cspan id=\"MJXc-Node-33289\" class=\"mjx-mi\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-math-I\" style=\"padding-top: 0.225em; padding-bottom: 0.298em;\"\u003en\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cspan class=\"mjx-sup\" style=\"font-size: 70.7%; vertical-align: 0.513em; padding-left: 0px; padding-right: 0.071em;\"\u003e\u003cspan id=\"MJXc-Node-33290\" class=\"mjx-mn\" style=\"\"\u003e\u003cspan class=\"mjx-char MJXc-TeX-main-R\" style=\"padding-top: 0.372em; padding-bottom: 0.372em;\"\u003e2\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e + 1606 n - 65592 = 0\u003c/p\u003e\n\n\u003cp\u003e\u0026#xA0; \u0026#xA0;(n-36)(3n+911) = 0\u003c/p\u003e\n\n\u003cp\u003en = 36 and n\u0026#xA0;= -911/3 (neglecting -911/3 as n cannot be negative as it time period)\u003c/p\u003e\n\n\u003cp\u003eTherefore, the time for which he held the account = 36 months or 3 years.\u003c/p\u003e\n","title":"\u003cp\u003eMrs. Rita deposits \u0026#x20B9;1600 every month in recurring deposit account at 9% p.a. simple interest. She receives \u0026#x20B9;65,592 at the time of maturity. What is the total time for which the account was held?\u003c/p\u003e\n","subtopic":"Recurring Deposit","chapter":"Banking (Recurring Deposit Accounts)","subject":"Mathematics","solution_video_id":null,"answers":[{"id":1104607,"is_correct":false,"title":"\u003cp\u003e16 months\u003c/p\u003e\n"},{"id":1104608,"is_correct":false,"title":"\u003cp\u003e24 months\u003c/p\u003e\n"},{"id":1104609,"is_correct":false,"title":"\u003cp\u003e47 months\u003c/p\u003e\n"},{"id":1104610,"is_correct":true,"title":"\u003cp\u003e36 months\u003c/p\u003e\n"}],"hints":[],"answer_type":"text","filler_meta":[],"book_chapter_questions":[]}}