Class 10 ICSE Chapter Banking
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class 10 Banking Exercise2
Banking
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Q1 Mrs. Goswami deposits ₹1000 every month in a recurring deposit account for 3 years at 8% interest per annum. Find the matured value
Q2 Sonia had a recurring deposit account in a bank and deposited ₹600 per month for 2 1/2 years. If the rate of interest was 10% p.a., find the maturity value of this account
Q3 Kiran deposited ₹200 per month for 36 months in a bank's recurring deposit account. If the banks pays interest at the rate of 11% per annum, find the amount she gets on maturity?
Q4 Haneef has a cumulative bank account and deposits ₹600 per month for a period of 4 years. If he gets ₹5880 as interest at the time of maturity, find the rate of interest.
Q5 David opened a Recurring Deposit Account in a bank and deposited ₹300 per month for two years. If he received ₹7725 at the time of maturity, find the rate of interest per annum.
Q6 Mr. Gupta opened a recurring deposit account in a bank. He deposited ₹2500 per month for two years. At the time of maturity he got ₹67500. Find: - the total interest earned by Mr. Gupta
- the rate of interest per annum.
Q7 Shahrukh opened a Recurring Deposit Account in a bank and deposited ₹800 per month for 1 1/2 years. If he received ₹15084 at the time of maturity, find the rate of interest per annum
Q8 Rekha opened a recurring deposit account for 20 months. The rate of interest is 9% per annum and Rekha receives ₹441 as interest at the time of maturity. Find the amount Rekha deposited each month.
Q9 Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets ₹1200 as interest at the time of maturity, find: - the monthly instalment
- the amount of maturity.
Q10 Mr. R.K. Nair gets ₹6455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly instalment
Q11 Samita has a recurring deposit account in a bank of ₹2000 per month at the rate of 10% p.a. If she gets ₹83100 at the time of maturity, find the total time for which the account was held
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