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ICSE Class X Mid-term 2024 : Mathematics : Banking

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Naveen Kumar.N
St. Francis School ICSE, Hongasandra, Bengaluru
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ICSE- X Topic : Banking Marks : 25 1. Maturity value stands for principle of ______ and ________ a) n months, Interest c) n years and Interest b) total Principal, Interest d) a and b both 2. 1+2+3+4+5 n = a) 2 b) ( +1) c) 2 ( 1) 2 d) None of these Answer Q 3 to 5 using following case: Ashish deposits Rs. 2500 per month for 15 months in a Cumulative Time Deposit Scheme. If the rate of interest be 5.5% per annum, find the amount received at the time of maturity. 3. What is total principal in the above problem a) 36500 b) 37500 c) 39500 d) 42000 4. Interest portion for above situation (a) 1375 (b) 1525 (c) 1325 (d) 1425 5. Amount received by Mr Anish on maturity if Bank extra give 750 as bonus. (a) 38875 (b) 39625 (c) 39625 (d) 40000 Case Study: ( Q 6 to Q 9) Ms Sonal retired from SBI bank as Senior Clerk, she received 12000 as monthly pension as she was well settled so not required 12000pm for expenses. She decided to invest 50% portion in the Bank recurring deposit scheme , She chosen a Bank which is near to her house which offer 6% interest for senior citizen. 6. What in principal component per month (a) ) 12000 (b) ) 8000 (c) ) 6000 (d) ) 4000 7. What interest she will receive if she took 3-year plan (a) ) 19980 (b) ) 18880 (c) ) 16660 (d) ) 14440 (c) 236770 (d) ) 235880 8. What is Maturity value of RD (a) ) 250000 (b) ) 240000 9. After term1 bank declined interest rate by 0.5%, interest earned for fourth year. (a) ) 18315 (b) ) 1 (c) ) 0 1 (d) None of these

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