ICSE Class 10th Mathematics Chapter 2 - Banking Important Questions with Answers

You should focus on solving ICSE Class 10th Mathematics Chapter 2: Banking important questions, especially to help you score high marks. By solving ICSE Class 10th Mathematics 2 questions, you will be solving exam-oriented questions only.
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Prepare thoroughly with the most important questions of ICSE Class 10th Mathematics Chapter 2 - Banking. You can first cover the ICSE Class 10th Mathematics syllabus to understand the key topics and then start solving the ICSE Class 10th Mathematics Chapter 2 - Banking Important Question to get a better understanding of your preparation level. Start practicing now.

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Question 1.

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Manish opens a Recurring Deposit Account with the Bank of Rajasthan and deposits Rs. 600 per month for 20 months. Calculate the maturity value of this account, if the bank pays interest at the rate of 10% per annum.

Question 2.

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Mrs. Mathew opened a Recurring Deposit Account in a certain bank and deposited ? 640 per month for 4 ½ years. Find the maturity value of this account, if the bank pays interest at the rate of 12% per year.

Question 3.

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Each of A and B both opened a recurring deposit accounts in a bank. If A deposited Rs. 1,200 per month for 3 years and B deposited Rs. 1,500 per month for 2 ½ 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.

Question 4.

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Ashish deposits a certain sum of money every month is a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of 11% p.a. and Ashish gets ? 12,715 as the maturity value of this account, what sum of money did money did he pay every month?

Question 5.

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A man has a Recurring Deposit Account in a bank for `3 1/2` years. If the rate of interest is 12% per annum and the man gets Rs. 10,206 on maturity, find the value of monthly instalments.

Question 6.

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Puneet has a Recurring Deposit Account in the Bank of Baroda and deposits Rs. 140 per month for 4 years. If he gets Rs. 8,092 on maturity, find the rate of interest given by the bank.

Question 7.

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David opened a Recurring Deposit Account in a bank and deposited Rs. 300 per month for two years. If he received Rs. 7,725 at the time of maturity, find the rate of interest per annum.

Question 8.

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Amit deposited Rs. 150 per month in a bank for 8 months under the Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 8% per annum and interest is calculated at the end of every month?

Question 9.

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Mrs. Geeta deposited Rs. 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 Rs. 5,565; find the rate of interest per annum.

Question 10.

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A recurring deposit account of Rs. 1,200 per month has a maturity value of Rs. 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.

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Question 1.

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Mr. Gulati has a Recurring Deposit Account of Rs. 300 per month. If the rate of interest is 12% and the maturity value of this account is Rs. 8,100; find the time (in years) of this Recurring Deposit Account.

Question 2.

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Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs. 2,500 per month for two years. At the time of maturity he got Rs. 67,500. Find:

  1. the total interest earned by Mr. Gupta.
  2. the rate of interest per annum.

Question 3.

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Pramod deposits Rs. 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.

Question 4.

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Ritu has a Recurring Deposit Account in a bank and deposits Rs. 80 per month for 18 months. Find the rate of interest paid by the bank if the maturity value of the account is Rs. 1,554.

Question 5.

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The maturity value of an R.D. Account is Rs. 16,176. If the monthly instalment is Rs. 400 and the rate of interest is 8%; find the time (period) of this R.D Account.

Question 6.

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Mr. Bajaj needs Rs. 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.?

Question 7.

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

  1. the monthly instalment.
  2. the amount of maturity.

Question 8.

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Gopal has a cumulative deposit account and deposits Rs. 900 per month for a period of 4 years he gets Rs. 52,020 at the time of maturity, find the rate of interest.

Question 9.

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Deepa has a 4-year recurring deposit account in a bank and deposits Rs 1,800 per month. If she gets Rs 1,08,450 at the time of maturity, find the rate of interest.

Question 10.

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Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. It the rate of interest is of 8% per annum and Mr. Britto gets Rs. 8,088 from the bank after 3 years, find the value of his monthly instalment.

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