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ICSE Class X Notes 2027 : Mathematics (EuroSchool, Thane)

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Mahaan.M. Bomman
EuroSchool, Thane
ICSE grade 10 science

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Math X Topic: Banking 1) David opened a Recurring Deposit Account in a bank and deposited 300 per month for two years. If he received 7725 at the time of maturity, find the rate of interest per annum. [2008] 2) Mrs. Goswami deposits 1000 every month in a recurring deposit account for 3 years at 8% interest per annum. Find the matured value. [2009] 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 [2010] (i) the total interest earned by Mr. Gupta (ii) the rate of interest per annum. 4) Ahmed has a recurring deposit account in a bank. He deposits 2,500 per month for 2 years. If he gets 66,250 at the time of maturity, find [2011] (i) the interest paid by the bank (ii) the rate of interest. 5) Kiran deposited 200 per month for 36 months in a bank s recurring deposit account. If the bank pays interest at the rate of 11% per annum, find the amount she gets on maturity. [2012] 6) Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. If the rate of interest is of 8% per annum and Mr. Britto gets 8088 from the bank after 3 years, find the value of his monthly instalment. [2013] 7) Shahrukh opened a Recurring Deposit Account in a bank and deposited 800 per month for years. If he received 15,084 at the time of maturity, find the rate of interest per annum. ES0_______ [2014] Page 1 8) Katrina opened a recurring deposit account with a Nationalised Bank for a period of 2 years. If the bank pays interest at the rate of 6% per annum and the monthly instalment is 1000, find the: (i) interest earned in 2 years (ii) matured value [2015] 9) Mr. Richard has a Recurring Deposit Account in a bank for 3 years at 7.5% per annum simple interest. If he gets 8325 as interest at the time of maturity, find: (i) the monthly deposit (ii) the maturity value [2017] 10) Neema had a recurring deposit account in a bank and deposited 600 per month for 2 years. If the rate of interest was 10% per annum, find the maturity value of this account. [2018] 11) Preeti has a recurring deposit account of 1000 per month at 10% per annum. If she gets 5550 as interest at the time of maturity, find the rate of interest per annum. [2018] 12) Rekha opened a recurring deposit account for 20 months. The rate of interest is 9% per annum and Rekha recieves 441 as interest at the time of maturity. Find the amount Rekha deposited each month. [2019] 13) 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. [2020] 14) Salman deposits 1000 every month in a recurring deposit account for 2 years. If he receives 26000 0n maturity, find: [2023] i) ii) The total interest Salman earns The rate of interest 15) 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. [2024] 16) Mrs. Rao deposited 250 per month in a recurring deposit account for a period of 3 years. She received 10,110 at the time of maturity. Find: i) ii) The rate of interest How much more interest Mrs. Rao will receive if she had deposited 50 more per month at the same rate of interest and for the same time. [2025] 17) Rohit and Vinay both opened a recurring deposit account in a bank for 2 years at 8% simple interest. Vinay deposited 300 per month. At maturity, Rohit s interest was 800 more than Vinay s interest. Find the : i) interest earned by Vinay. ii) sum deposited by Rohit every month. ES0_______ Page 2

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