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10th ICSE
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Mohan has a Recurring Deposit Account in a bank for 2 year at 6% per annum simple interest. If he gets ₹1200 as interest at the time of maturity and the monthly instalment is ₹k then find k.

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Important Questions on Banking

HARD
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 14
Mohan has a Recurring Deposit Account in a bank for 2 yr at 6% per annum simple interest. If he gets ₹1200 as interest at the time of maturity and the amount of maturity is ₹k then find k.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 15
Ms. Arora deposits₹100 per month in a cumulative Deposit Account for a period of 5 year. After the end of the period, she will receive₹7220 (Consider the rate of interest to be simple). If the rate of interest per annum is k% then find k.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 15
Ms. Arora deposits ₹100 per month in a cumulative Deposit Account for a period of 5 year. After the end of the period, she will receive₹7220 (Consider the rate of interest to be simple). If the total interest that Ms. Arora will earn is ₹k then find k.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 16
Shilpa has a 4 yr Recurring Deposit Account in Bank of Maharashtra and deposits ₹800 per month. If she gets₹48200 at the time of maturity, then find the rate of (simple) interest.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 16
Shilpa has a 4 yr Recurring Deposit Account in Bank of Maharashtra and deposits ₹800 per month. If she gets ₹48200 at the time of maturity, then find the total interest earned by Shilpa.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 17

Mr. Richard has a Recurring Deposit Account in a bank for 3 yr at 7.5% per annum simple interest. If he gets ₹8325 as interest at the time of maturity, then find the monthly deposit.

MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 18
Rajiv Bhardwaj has a Recurring Deposit Account in a bank of ₹600 per month. If the bank pays simple interest of 7% per annum and he gets₹15450 as maturity amount, then find the total time for which the Account was held.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 19
Mrs. Sarkar deposits ₹1600 per month in a Recurring Deposit Account at 9% per annum simple interest. If she gets₹65592 at the time of maturity, then find the total time for which the account was held.