#### Chapters

Chapter 2: Sales Tax and Value Added Tax

Chapter 3: Banking

Chapter 4: Shares and Dividends

Chapter 5: Linear Inequations

Chapter 6: Quadratic Equations

Chapter 7: Problems Based On Quadratic Equations

Chapter 8: Reflection

Chapter 9: Ratio and Proportion

Chapter 10: Remainder And Factor Theorems

Chapter 11: Matrices

Chapter 12: Distance and Section Formulae

Chapter 13: Equation of A Straight Line

Chapter 14: Symmetry

Chapter 15: Similarity

Chapter 16: Loci

Chapter 17: Circles

Chapter 18: Constructions

Chapter 19: Mensuration I

Chapter 20: Mensuration II

Chapter 21: Trigonometric Identities

Chapter 22: Heights and Distances

Chapter 23: Graphical Representations

Chapter 24: Measures Of Central Tendency

Chapter 25: Probability

## Chapter 3: Banking

#### Exercise 3.1 [Pages 45 - 46]

### Frank solutions for ICSE Class 10 Mathematics Part 2 Chapter 3 Banking Exercise 3.1 [Pages 45 - 46]

Mr. Burman open a saving back account with Bank of India on 3^{rd} April 2007 with a cash deposit of Rs 5,000/-. Subsequently, he deposited Rs 16,500/- by cheque on 11^{th} April 2007, withdraw Rs 4,000/- on 10^{th} May, paid Rs 3,500 for insurance by cheque on 7^{th} July 2007, deposited Rs. 6,000/- in cash on 9^{th} August 2007 and withdrew Rs 1,500/- on 12^{th} Oct 2007.

Make the entries in his passbook

Mr. Burman open a saving back account with Bank of India on 3^{rd} April 2007 with a cash deposit of Rs 5,000/-. Subsequently, he deposited Rs 16,500/- by cheque on 11^{th} April 2007, withdraw Rs 4,000/- on 10^{th} May, paid Rs 3,500 for insurance by cheque on 7^{th} July 2007, deposited Rs. 6,000/- in cash on 9^{th} August 2007 and withdrew Rs 1,500/- on 12^{th} Oct 2007.

If he closed the account on 14^{th} December and if the rate of simple interest is 4% pa, then find the amount he received on closing the account.

Ms. Chitra opened a saving bank account with SBI on 05.04.2007 with a cheque deposit of Rs 11,000/.Subsequently, she took out Rs 3,200/- on 12.05.2007; deposited a cheque of Rs. 8,800/- on 03.06.2007 and paid Rs 2,000/- by cheque on 18.06.2007.

Make the entries in her passbook

Ms. Chitra opened a saving bank account with SBI on 05.04.2007 with a cheque deposit of Rs 11,000/.Subsequently, she took out Rs 3,200/- on 12.05.2007; deposited a cheque of Rs. 8,800/- on 03.06.2007 and paid Rs 2,000/- by cheque on 18.06.2007.

If the rate of simple interest was 5% pa compounded at the end of March and September, find her balance on 1.04.2008

Given below is a page from the passbook of a saving bank account that Mr. Sharma has with SBI. If the bank gives interest at 6%pa, find

The principal amount in January, February and March which will be considered for interest for interest calculation.

Given below is a page from the passbook of a saving bank account that Mr. Sharma has with SBI. If the bank gives interest at 6%pa, find

The interest she gets at the end of March.

Date |
Particulars |
Withdrawls |
Deposite |
Balance |

05.01.08 | By cash | 15500.00 | 15500.00 | |

10.01.08 | To cheque | 4800.00 | 10700.00 | |

15.02.08 | To cheque | 5300.00 | 5400.00 | |

08.03.08 | By cash | 19200.00 | 24600.00 | |

17.03.08 | To cheque | 7400.00 | 32000.00 |

Given below is a page from the passbook of the savings bank account of Mr. Rajesh. Complete the entries in the passbook and calculate the interest paid to him by the bank at 6°/o pa in the end of June.

Date |
Particulars |
Withdrawals |
Deposits |
Balance |

08.02.2008 | By Cash | 12000.00 | ||

15.03.2008 | To cash | 3000.00 | ||

08.04.2008 | To Cheque | 2500.00 | ||

18.04.2008 | By Cash | 16000.00 | ||

10.06.2008 | By Cash | 800.00 |

Given below is a page from the passbook of a saving bank account of Dolly Majumdar. Complete the entries in the passbook and find the interest earned by the account holder in the month of November if the rate of simple interest is 5°/o pa.

Date |
Particular |
Withdrawals |
Deposits |
Balance |

01.04.2007 | By B/F | 16500.00 | ||

15.04.2007 | By Cash | 2500.00 | ||

09.06.2007 | To Cheque | 6500.00 | ||

04.07.2007 | By Cash | 9000.00 | ||

12.07.2007 | To Cash | 3500.00 | ||

05.09.2007 | To Cash | 4000.00 | ||

10.11.2007 | By Cheque | 12000.00 |

The following are the entries in the passbook of a saving account of Ananya during the year 2007. If interest is calculated at 5 % pa, find the interest earned by Ananya during the year

Date |
Particulars |
Withdrawals |
Deposits |
Balance |

01.01.2007 | By B/F | 6500.00 | ||

05.02.2007 | By Cheque | 7500.00 | 14000.00 | |

09.02.2007 | To Cash | 1500.00 | 12500.00 | |

06.06.2007 | By Cash | 1725.00 | 14225.00 | |

08.09.2007 | By Cheque | 375.00 | 14600.00 | |

06.11.2007 | By Cash | 6000.00 | 20600.00 | |

10.12.2007 | To Cheque | 2500.00 | 18100.00 |

The following enb·ies are from the saving bank account passbook of Mr. Ratnesh. If the rate of interest paid by the bank is 4. 5°/op.a. calculated at the end of March and September, find the balance in his account at the end of the year.

Date |
Particulars |
Withdrawls |
Deposits |
Balance |

03.01.2006 | By B/F | 17900.00 | ||

09.01.2006 | To Cash | 3700.00 | 14200.00 | |

06.02.2006 | To Cheque | 2450.00 | 11750.00 | |

21.02.2006 | By Cash | 15600.00 | 27350.00 | |

17.03.2006 | By Cash | 9850.00 | 37200.00 | |

31.03.2006 | By Interest | |||

06.06.2006 | To Cheque | 4100.00 | ||

22.08.2006 | To Cash | 1500.00 | ||

05.09.2006 | By Cheque | 17300.00 | ||

09.09.2006 | To Cash | 6300.00 | ||

30.09.2006 | By Interest | |||

04.12.2006 | To Cash | 3000.00 | ||

11.12.2006 | By Cheque | 11760.00 |

Mr. Punjwanis saving account passbook had the following entries, The bank pays interest at 4.5°/o on all SB accounts. Find the amount received by Mr. Punjwani when he closed the acoount on 2S'h July 08.

Date |
Particulars |
Withdrawls |
Deposits |
Balance |

05.01.2008 | By B/F | 24650.00 | ||

09.01.2008 | By cash | 14390.00 | 39040.00 | |

15.02.2008 | To Cheque | 7600.00 | 31440.00 | |

21.02.2008 | By Cheque | 8350.00 | 39790.00 | |

07.03.2008 | To Cash | 4000.00 | 35790.00 | |

31.03.2008 | By Interest | |||

08.04.2008 | By Cheque | 13670.00 | ||

12.04.2008 | To Cash | 6000.00 | ||

01.05.200 | By Cheque | 17350.00 | ||

16.06.2008 | By Cash | 9000.00 | ||

27.06.2008 | To Cash | 4370.00 | ||

04.07.2008 | By Cheque | 21320.00 | ||

11.07.2008 | To Cheque | 9460.00 | c |

#### Exercise 3.2 [Page 51]

### Frank solutions for ICSE Class 10 Mathematics Part 2 Chapter 3 Banking Exercise 3.2 [Page 51]

Mrs. Chhabra deposits Rs 500 per month in a recurring deposit account for 4 years at a simple interest rate of 6% pa.

(a) Find the maturity value of deposit.

(b) Find the total interest she will earn after 2 years

Mrs Khandelkar invests Rs 900 every month in a recurring deposit account for a period of 3 years at a simple interest rate of 8% pa

(a) Find the total interest she will earn at the end of the period.

(b) Find the maturity value of her deposits.

Mr. Patel deposit Rs 2,250 per month in a recurring deposit account for a period of 3 years. At the time of maturity, he gets Rs 90,990.

(a) Find the rate of simple interest per annum.

(b) Find the total interest earned by Mr. Patel.

Mr. Menon deposit Rs 1,200 per month in a cumulative deposit account for a period of 5 years. After the end of the period, he will receive Rs 88,470. (a) Find the rate of the interest per annum. (b) Find the total interest that Mr. Menon will earn.

Aarushi has a recurring deposit account for 2 years at 6% pa. She receives Rs 1,125 as interest on maturity.

(a) Find the monthly instalment amount.

(b) Find the maturity amount.

Mr. Mohan has a cumulative deposit account for 3 years at 7% interest pa. She receives Rs 8,547 as a maturity amount after 3 years.

(a) Find the monthly deposit.

(b) Find the total interest receivable after maturity.

Mr. Banerjee opens a recurring deposit account for Rs 3,000 per month at 9% simple interest pa. On maturity, he gets Rs. 1,70,460. Find the period for which he continued with the account.

Ms. Saha opened a cumulative deposit account of monthly instalment of Rs 1,200 at 9%p.a simple interest. She earned a total interest of Rs 5,328. How much installments did she pay?

What should be minimum monthly deposit in a recurring deposit for 3 years to get Rs 20,220 on maturity after 3 years at an interest rate of 8% pa.

Mr. Pradip deposited Rs 2,400 pm in bank for One year 6 months under the recurring deposit scheme. If the maturity value of his deposit is Rs 47,304 find the rate of interest per annum.

## Chapter 3: Banking

## Frank solutions for ICSE Class 10 Mathematics Part 2 chapter 3 - Banking

Frank solutions for ICSE Class 10 Mathematics Part 2 chapter 3 (Banking) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the CISCE ICSE Class 10 Mathematics Part 2 solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in ICSE Class 10 Mathematics Part 2 chapter 3 Banking are Introduction to Banking, Computation of Interest, Bank.

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