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  • CLASS-10: Banking (Recurring Deposit)

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    Manju Yadav
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    This document discusses recurring deposit (RD) accounts, including calculating maturity values, interest rates, monthly installments, and time periods. It provides examples of RD account questions, such as calculating total interest, interest rates, monthly deposits, and time periods based on given maturity values. The document is intended to help students in class 10 understand RD accounts and practice solving related assignment questions.

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    This document discusses recurring deposit (RD) accounts, including calculating maturity values, interest rates, monthly installments, and time periods. It provides examples of RD account questions, such as calculating total interest, interest rates, monthly deposits, and time periods based on given maturity values. The document is intended to help students in class 10 understand RD accounts and practice solving related assignment questions.

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    698 views9 pages

    CLASS-10: Banking (Recurring Deposit)

    Uploaded by

    Manju Yadav
    This document discusses recurring deposit (RD) accounts, including calculating maturity values, interest rates, monthly installments, and time periods. It provides examples of RD account questions, such as calculating total interest, interest rates, monthly deposits, and time periods based on given maturity values. The document is intended to help students in class 10 understand RD accounts and practice solving related assignment questions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 9

    CLASS-10

    CHAPTER:
    BANKING (RECURRING DEPOSIT)
    INTRODUCTION:
    Recurring Deposit Account is a special kind of term deposit
    account offered by Banks in India as a facility to people with
    regular income to deposit a fixed amount of money every month
    in this account and earn interest at applicable rates.
    Type-1( Finding Maturity Value):
    Type-2( Finding Rate of Interest):
    Type-3( Finding Monthly Installment):
    Type-4 ( Finding Time period):
    ASSIGNMENT-1
    1. Mr. Sengupta has a R.D a/c in a bank for 1 year 6 months in which he
    deposit Rs.1500 per month. If he gets Rs.30420 at the time of maturity,
    find(i) Total Interest received .(ii) Rate of interest.
    2. Ashima has a cumulative deposit account in a bank for 5 years at 9% p.a.
    At the time of maturity she gets Rs.51607.50. Find the monthly
    instalment.
    3. Mr. Richard has a R.D a/c in a bank for 3 years at 7.5% p.a. simple
    interest. If he gets Rs.80325 at the time of maturity, find (i) the monthly
    deposit, and (ii) total interest received from the bank.
    4. Mr. Sen has a R.D a/c in a bank for 2 years in which he deposit Rs.300 per
    month. If he gets Rs.7725 at the time of maturity, find the rate of interest
    and the total interest earned.
    5. Mr. Roy opened a RD a/c in a bank with Rs.200 per month at the rate of
    10% p.a. If he gets Rs.6775 at the time of maturity, find the maturity period.
    ASSIGNMENT-2
    • ICSE Examination Questions:
    ALL THE BEST
    TO
    CLASS 10
    BY: NIRMAL GOMES

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