HARD
10th ICSE
IMPORTANT
Earn 100

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, then find the monthly deposit.

50% studentsanswered this correctly

Important Questions on Banking

HARD
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>ARCHIVES (Last 8 Years)>Q 4
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, then find the maturity value.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>ARCHIVES (Last 8 Years)>Q 5
Katrina opened a Recurring Deposit Account with a nationalised bank for a period of 2 yr. If the bank pays interest at the rate of 6% per annum and the monthly instalment is ₹1000, then find the interest earned in 2 year.
HARD
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>ARCHIVES (Last 8 Years)>Q 5
Katrina opened a Recurring Deposit Account with a nationalised bank for a period of 2 years. If the bank pays interest at the rate of 6% per annum and the monthly instalment is ₹1000, then find the matured value.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>ARCHIVES (Last 8 Years)>Q 6
Shahrukh opened a Recurring Deposit Account in a bank and deposited ₹800 per month for112  yr. If he received₹15084 at the time of maturity, then find the rate of interest per annum.
HARD
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>ARCHIVES (Last 8 Years)>Q 7
Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. If the rate of interest is of 8% per annum and Mr. Britto gets ₹8088 from the bank after 3 yr, then find the value of his monthly instalment.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>ARCHIVES (Last 8 Years)>Q 8
Kiran deposited₹200 for 36 months in a bank Recurring Deposit Account. If the bank pays interest at the rate of 11 % per annum, then find the amount she gets on maturity.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>ARCHIVES (Last 8 Years)>Q 9
Ahmed has a Recurring Deposit Account in a bank. He deposits₹2500 per month for 2 yr. If he gets ₹66250 at the time of maturity, then find the interest paid by the bank.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>ARCHIVES (Last 8 Years)>Q 9
Ahmed has a Recurring Deposit Account in a bank. He deposits₹2500 per month for 2 yr. If he gets ₹66250 at the time of maturity, then find the rate of interest.