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10th ICSE
IMPORTANT
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Ravi deposited ₹400 per month in a Recurring Deposit Account for 2 yr at 9% per annum. Sonu deposited ₹400 per month in a Recurring Deposit Account for 212 yr at 12% per annum. Which of the following can be concluded about the interests to be paid to them on maturities of their deposits?

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Important Questions on Banking

MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 1
Sonia had a Recurring Deposit Account in a bank and deposited ₹600 per month for 212 yr. If the rate of interest was 10% per annum, find the maturity value ( in ₹ ) of this account.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 2
If Mrs. Goswami deposits ₹1000 every month in a Recurring Deposit Account for 3 years at 8% interest per annum, then find the matured value in rupees.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 3
Joseph deposits ₹600 per month in a Recurring Deposit Account in a post office for 412 yr. Find the amount payable (in ₹ ) to him on maturity, if the rate of interest is 9% per annum.
HARD
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 4
Ashit has Recurring Deposit Account. He deposits ₹950.00 per month for a period of 24 months. At the time of maturity, he gets an interest of ₹2256.25. Find the rate of interest (in %).
HARD
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 5
Sahil opened a Recurring Deposit Account. He deposits ₹150 per month for 8 months. At the time of maturity, he received ₹1236. Find the rate of interest (in % ).
HARD
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 7
Mr. Aditya has a 4 year cumulative term Deposit Account in Axis Bank and deposits ₹650 per month. If he receives ₹36296 at the time of maturity, with the rate of interest k% then find k.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 8
Ahmed has a Recurring Deposit Account in a bank. He deposits ₹2500 per month for 2 year. If he gets ₹66250 at the time of maturity and the interest paid by the bank is ₹k then find k.
MEDIUM
10th ICSE
IMPORTANT
All In One ICSE Mathematics Class 10>Chapter 2 - Banking>CHAPTER EXERCISE>Q 8
Ahmed has a Recurring Deposit Account in a bank. He deposits ₹2500 per month for 2 year. If he gets ₹66250 at the time of maturity with the rate of interest k% then find k.