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deepaksoniGuru

Asked: March 16, 2021In: ICSE

Samita has a recurring deposit account in a bank of Rs 2000 per month at the rate of 10% p.a. If she gets Rs 83100 at the time of maturity. Find the total time for which the account was held.

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Banking Chapter number-2 Samita has ...Read more

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deepaksoniGuru

Asked: March 16, 2021In: ICSE

Mr. R.K. Nair gets Rs 6,455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly instalment.

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Banking Chapter number-2 This question ...Read more

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deepaksoniGuru

Asked: March 16, 2021In: ICSE

Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs 1200 as interest at the time of maturity, find: (i) the monthly instalment (ii) the amount of maturity.

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Banking Chapter number-2 This question ...Read more

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deepaksoniGuru

Asked: March 16, 2021In: ICSE

Shahrukh opened a Recurring Deposit Account in a bank and deposited Rs 800 per month for 112 years. If he received Rs 15084 at the time of maturity, find the rate of interest per annum

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Banking Chapter number-2 This question ...Read more

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deepaksoniGuru

Asked: March 16, 2021In: ICSE

Mr. Gupta-opened a recurring deposit account in a bank. He deposited Rs. 2500 per month for two years. At the time of maturity he got Rs. 67500. Find : (i) the total interest earned by Mr. Gupta. (ii) the rate of interest per annum.

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Banking Chapter number-2 This question ...Read more

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deepaksoniGuru

Asked: March 16, 2021In: ICSE

David opened a Recurring Deposit Account in a bank and deposited Rs. 300 per month for two years. If he received Rs. 7725 at the time of maturity, find the rate of interest per annum

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Bankin8 Chapter number-2 This question ...Read more

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deepaksoniGuru

Asked: March 16, 2021In: ICSE

Haneef has a cumulative bank account and deposits Rs. 600 per month for a period of 4 years. If he gets Rs. 5880 as interest at the time of maturity, find the rate of interest.

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Bankin8 Chapter number-2 This question ...Read more

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deepaksoniGuru

Asked: March 16, 2021In: ICSE

Kiran deposited Rs. 200 per month for 36 months in a bank’s recurring deposit account. If the banks pays interest at the rate of 11% per annum, find the amount she gets on maturity ?

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Banking Chapter number-2 This question ...Read more

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deepaksoniGuru

Asked: March 16, 2021In: ICSE

Mrs. Goswami deposits Rs. 1000 every month in a recurring deposit account for 3 years at 8% interest per annum. Find the matured value.

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Bankin8 Chapter number-2 This question ...Read more

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deepaksoniGuru

Asked: March 16, 2021In: ICSE

Saloni deposited Rs 150 per month in a bank for 8 months under the Recurring Deposit Scheme. ‘What will be the maturity value of his deposit if the rate of interest is 8% per annum ?

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This is an important question from the Book- ML Aggarwal Board- ICSE Publication- Avichal Chapter- Bankin8 Chapter number-2 This question ...Read more

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