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Banking (Class X)

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56 views

Banking (Class X)

Notes

Uploaded by

safsl
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BANKING(Class X)

1. Kiran deposited ₹200 per month for 36 months in a bank's recurring


deposit account. If the bank pays interest at the rate of 11% per annum,
find the amount she gets on maturity.
2. Mohan deposited ₹80 per month in a cumulative deposit account for six
years. Find the amount payable to him on maturity, if the rate of interest is
6% per annum.
3. Mr. R.K. Nair gets ₹6,455 at the end of one year at the rate of 14% per
annum in a Recurring Deposit Account. Find the monthly instalment.
4. A and B both opened recurring deposit accounts in a bank. If A deposited
1.200 per month for 3 years and B deposited 1,500 per month for 2 1/2
years; find, on maturity, who will get more amount and by how much? The
rate of interest paid by the bank is 10% per annum.
5. A man has a Recurring Deposit Account in a bank for 3 1/2years. If the
rate of interest is 12% per annum and the man gets ₹10,206 on maturity,
find the value of monthly instalments.
6. A recurring deposit account of 1,200 per month has a maturity value of
₹12,440. If the rate of interest is 8% and the interest is calculated at the
end of every month; find the time (in months) of this Recurring Deposit
Account.
7. Monica has a C.D. Account in the Union Bank of India and deposited 600
per month. If the maturity value of this account is 24,930 and the rate of
interest is 10% per annum; find the time (in years) for which the account
was held.
8. David opened a recurring deposit account in a bank and deposited ₹300
per month for 2 years. If he received ₹7725 at the time of maturity, find the
rate of interest per annum.
9. Mrs.Geeta deposited ₹350 per month in a bank for 1 year and 3 months
under the Recurring Deposit Scheme. If the maturity value of her deposits
is ₹5,565 ; find the rate of interest per annum.
10. Rishabh has a recurring deposit account in a post office for 3 years at 8%
p.a. simple interest. If he gets ₹9,990 as interest at the time of maturity,
find : (i) the monthly instalment , (ii) the amount of maturity.
11. Shahrukh opened a recurring deposit account in a bank and deposited
₹800 per month for 1 1/2 years. If he received ₹15,084 at the time of
maturity, find the rate of interest per annum.
12. Mohan has a recurring deposit account in a bank for 2 years at 6% p.a.
simple interest. If he gets ₹1,200 as interest at the time of maturity, find :
(i) the monthly instalment , (ii) the amount of maturity.

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