HARD
10th ICSE
IMPORTANT
Earn 100

Pramod deposits ₹600 per month in a Recurring Deposit Account for 4 years. If the rate of interest is 8% per year; calculate the maturity value of his account.

Important Questions on Banking (Recurring Deposit Accounts)

HARD
10th ICSE
IMPORTANT
Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 2
Ritu has a Recurring Deposit Account in a bank and deposits ₹80 per month for 18 months. Find the rate of interest paid by the bank if the maturity value of this account is ₹1,554
HARD
10th ICSE
IMPORTANT
Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 3
The maturity value of a R.D. Account is ₹16,176 . If the monthly instalment is ₹400 and the rate of interest is 8%; find the time (period) of this R.D. Account.
HARD
10th ICSE
IMPORTANT
Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 4
Mr. Bajaj needs ₹30,000 after 2 years. What least money (in multiple of ₹5) must he deposit every month in a recurring deposit account to get required money at the end of 2 years, the rate of interest being 8% p.a.?
HARD
10th ICSE
IMPORTANT
Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 5

Mr. Richard has a recurring deposit account in a post office for 3 years at 7.5% p.a. simple interest. If he gets ₹8,325 as interest at the time of maturity, find:

the monthly instalment.

HARD
10th ICSE
IMPORTANT
Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 5

Mr. Richard has a recurring deposit account in a post office for 3 years at 7.5% p.a. simple interest. If he gets ₹8,325 as interest at the time of maturity, find:

the amount of maturity.

HARD
10th ICSE
IMPORTANT
Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 6
Gopal has a cumulative deposit account and deposits ₹900 per month for a period of 4 years. If he gets ₹52,020 at the time of maturity, find the rate of interest.
HARD
10th ICSE
IMPORTANT
Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 7
Deepa has a 4-year recurring deposit account in a bank and deposits ₹1,800 per month. If she gets ₹1,08,450 at the time of maturity, find the rate of interest.
HARD
10th ICSE
IMPORTANT
Concise Mathematics>Chapter 2 - Banking (Recurring Deposit Accounts)>EXERCISE>Q 8
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 ₹8,088 from the bank after 3 years, find the value of his monthly instalment.