Banking Practice Question - 5 (Grade 10)

A man deposits ₹ 900 per month in a recurring account for 2 years. If he gets ₹ 1,800 as interest at the time of maturity, find the rate of interest.

Banking Practice Question - 4 (Grade 10)

Sheela has a recurring deposit account in a bank of ₹ 2,000 per month at the rate of 10% per annum. If she gets ₹ 83,100 at the time of maturity, find the total time(in years) for which the account was held.

Banking Practice Question - 3 (Grade 10)

A man has a 5 year recurring deposit account in a bank and deposits ₹ 240 per month. If he receives ₹ 17,694 at the time of maturity, find the rate of interest.

Banking Practice Question - 2 (Grade 10)

Mrs. Karna has a recurring deposit account in a bank for 3 years at the rate of 8% per annum. If she gets ₹9,990 as interest at the time of maturity, find :

(i) the monthly installment

(ii) the maturity value of this account.

Banking Practice Question - 1 (Grade 10)

Ashok deposits ₹3,200 per month in a cumulative deposit account for 3 years at the rate of 9% per annum. Find the maturity value of this amount.