MEDIUM
10th ICSE
IMPORTANT
Earn 100

Mrs. Asha Mehta deposit ₹250 per month for one year in a bank's recurring deposi: account. If the rate of (simple) interest is 8% per annum, then the interest earned by her on this account is

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Important Questions on Banking

MEDIUM
10th ICSE
IMPORTANT
Understanding ICSE Mathematics Class 10>Chapter 2 - Banking>Multiple Choice Questions>Q 3
Mr. Sharma deposited ₹500 every month in a cumulative deposit account for 2 years If the bank pays interest at the rate of 7% per annum, then the amount he gets or maturity is
MEDIUM
10th ICSE
IMPORTANT
Understanding ICSE Mathematics Class 10>Chapter 2 - Banking>Chapter Test>Q 1
Mr. Dhruv deposits ₹600 per month in a recurring deposit account for 5 years at the rate of 10% per annum (simple interest). Find the amount in ₹he will receive at the time of maturity.
HARD
10th ICSE
IMPORTANT
Understanding ICSE Mathematics Class 10>Chapter 2 - Banking>Chapter Test>Q 2
Ankita started paying ₹400 per month in a 3 year recurring deposit. After six months her brother Anshul started paying ₹500 per month in a 212 years recurring deposit. The bank paid 10% p.a. simple interest for both. At maturity who will get more money and by how much?
HARD
10th ICSE
IMPORTANT
Understanding ICSE Mathematics Class 10>Chapter 2 - Banking>Chapter Test>Q 3
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
Understanding ICSE Mathematics Class 10>Chapter 2 - Banking>Chapter Test>Q 3
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 in ₹earned by Shilpa.
HARD
10th ICSE
IMPORTANT
Understanding ICSE Mathematics Class 10>Chapter 2 - Banking>Chapter Test>Q 4
Mr. Chaturvedi has a recurring deposit account in Grindlay's Bank for 412 years at 11% p.a. (simple interest). If he gets ₹101418.75 at the time of maturity, find the monthly instalment in ₹.
MEDIUM
10th ICSE
IMPORTANT
Understanding ICSE Mathematics Class 10>Chapter 2 - Banking>Chapter Test>Q 5
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.