Nootan solutions for माठेमटिक्स [इंग्रजी] इयत्ता १० आयसीएसई chapter 2 - Banking [Latest edition]

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?

Mohan deposits ₹ 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.

Sanjeev deposits 500 per month in a recurring deposit account for 12 months. Find the amount he will receive at the time of maturity, if the rate of interest is 10% per annum.

Mr. R.K. Nair gets Rs 6,455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly installment.

Sachin opened a cumulative time deposit account with Punjab National Bank for 3/2 years. If the rate of interest is 11% per annum and the bank pays 11740.50 on maturity, find how much did Sachin deposit each month?

Ashok has a recurring deposit account for 2 years at 10% per annum. If he receives 1900 as interest, find the value of monthly instalment paid by him.

Rekha opened a recurring deposit account for 20 months. The rate of interest is 9% per annum and Rekha receives Rs. 441 as interest at the time of maturity. 
Find the amount Rekha deposited each month.

Mr. Sonu has a recurring deposit account and deposits ₹ 750 per month for 2 years. If he gets ₹ 19125 at the time of maturity, find the rate of interest.

Dolly has a cumulative time deposit account in a bank. She deposits ₹ 600 per month for 6 years. If at the end of maturity period she gets ₹ 55026, find the rate of interest.

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.

Mr. Aggarwal has a cumulative deposit account of ₹ 400 per month at 10% per annum simple interest. If he gets ₹ 30100 at the time of maturity, find the total time for which the account was held.

^{Pinky opened a recurring deposit account of ₹ 300 per month at 12% per annum. If she gets ₹ 8100 at the time of maturity, find the maturity period.}

Salman deposits ₹ 1000 every month in a recurring deposit account for 2 years. If he receives ₹ 26000 on maturity, find:

1. the total interest Salman earns.
2. the rate of interest.

Shilpa has a 4 year recurring deposit account in Bank of Maharashtra and deposits Rs 800 per month. If she gets Rs 48200 at the time of maturity, find

1. the rate of simple interest.
2. the total interest earned by Shilpa.

Suresh has a recurring deposit account in a bank. He deposits ₹ 2000 per month and the bank pays interest at the rate of 8% per annum. If he gets ₹ 1040 as interest at the time of maturity, find in years total time for which the account was held.

Naveen deposits ₹ 800 every month in a recurring deposit account for 6 months. If he receives ₹ 4884 at the time of maturity, then the interest he earns is ______.

Sweta deposits ₹ 350 per month in a recurring deposit account for one year at the rate of 8% p.a. The amount she will receive at the time of maturity is ______.

Mr. Goswami deposits 1000 every month in a recurring deposit account for 3 years at 8% p.a. The maturity value is ______.

Shankar deposited 300 per month in a bank for 8 months in a recurring deposit account. If the rate of interest is 8% p.a., the maturity value of his deposit is ______.

Rajiv has a recurring deposit account in a bank of ₹ 600 per month. If the bank pays the interest at 7% p.a. and he gets ₹ 15450 as maturity amount, the total time period is ______.

Mr. R.K. Nair gets Rs 6,455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly installment.

Ms. Vasundhara Mehta has a recurring deposit account in a bank for 4 years at 10% p.a. She gets ₹ 6370 as the interest on maturity. Find:

1. the monthly installment.
2. the maturity amount.

Mr. Jacob has a 5 years recurring deposit account in Bank of Baroda and deposits ₹ 2400 per month. If he receives ₹ 186090 at the time of maturity, find:

1. the rate of (simple) interest.
2. the total interest earned by Mr. Jacob.

Haneef has a cumulative bank account and deposits Rs. 600 per month for a period of 4 years. If he gets Rs. 5880 as interest at the time of maturity, find the rate of interest.

The maturity value of an R.D. Account is ₹ 16176. If the monthly instalment is ₹ 400 and the rate of interest is 8%; find the time (period) of this R.D Account.

Ankita started paying Rs 400 per month in a 3 years recurring deposit. After six months her brother Anshul started paying Rs 500 per month in a `2(1)/(2)` years recurring deposit. The bank paid 10% p.a. simple interest for both. At maturity who will get more money and by how much?

Mr. Dhruv deposits Rs 600 per month in a recurring deposit account for 5 years at the rate of 10% per annum (simple interest). Find the amount he will receive at the time of maturity.

Samita has a recurring deposit account in a bank of Rs 2000 per month at the rate of 10% p.a. If she gets Rs 83100 at the time of maturity. Find the total time for which the account was held.