The maturity value of Rohit's recurring deposit account after three years at 8% per annum is a. Rs. 61,875.
The maturity value shows the amount the recurring deposit account has accumulated over the years through some monthly deposits.
The period of investment = 3 years = 36 months (3 x 12)
The interest rate = 8%
Accumulated interest = Rs. 4,995
Recurring deposits (monthly) = Rs. 1,580 [(Rs. 61,875 - Rs. 4,995) ÷ 36]
Thus, the recurring deposit account's maturity value is Option A.