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.
12 Mar 2019
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.
Shares and Dividend Revision Question - 1 (Grade 10)
A man wants to buy 124 shares available at Rs. 66 (par value = Rs. 50).
(i) How much should he invest?
(ii) If the dividend is 7.5%, what will his annual income be?
(iii) If he wants to increase income by Rs. 600, how many extra shares should he buy?
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