Class-10 Time-1.30 hr. Marks-40
BANKING
General instruction
Attempt Any Eight Question.
Q-1. Mrs. Goswami deposits ₹ 1000 every month in a recurring deposit account
for 3 years at 8% interest per annum. Find the matured value.
Q-2 Haneef
has a cumulative bank account and deposits ₹ 600
per month for a period of 4 years. If he gets ₹
5590 as interest at the time of maturity, find the rate of interest per annum.
Q-3 Mr.
Gupta opened a recurring deposit account in a bank. He deposited ₹
2500 per month for two years. At the time of maturity he got ₹
67500. Find:
(i) the total interest earned
by Mr. Gupta.
(ii) the rate of interest
per annum.
Q-4 Rekha opened a recurring deposit
account for 20 months. The rate of interest is 9% per annum and Rekha receives ₹
441 as interest at the time of maturity. Find the amount Rekha deposited each
month.
Q-5 Mr. M. K. Nair gets ₹
6455 at the end of one year at the rate of 14% per annum in a recurring deposit
account. Find the monthly installment.
Q-6 Samita has a recurring deposit account
in a bank of ₹ 2000 per month at the rate of 10% p.a.
If she gets ₹ 83100 at the time of maturity, find
the total time for which the account was held.
Q-7 Ankita started paying
₹ 400
per month in a 3 years recurring deposit. After six months her brother Anshul
started paying ₹ 500 per month in a 2 ½
years recurring deposit. The bank paid 10% p.a. simple interest for both. At
maturity who will get more money and by how much?
Q-8 Rajiv Bhardwaj has a recurring deposit account in a bank of ₹ 600 per month. If the bank pays simple interest of
7% p.a. and he gets ₹ 15450 as maturity amount, find the total time for
which the account was held.
Q-9 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 account
is 1,554.
Q-10 The
maturity value of a R.D. Account is
16,176. If the monthly installment is
400 and the rate of interest is 8%; find the time (period) of this R.D
Account.
By-Apurv Shukla (M.sc (AU) B.Ed.)
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