Banking Exams Quant — Question 740
Question
A person deposits ₹1000 every month for 1 year at 6% annual interest. What is total?
- ₹12000
- ₹12360
- ₹12720
- ₹13000
Correct answer
B — ₹12360
Explanation (English)
Recurring deposit calculation. Approximate total with interest ≈ 12360
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