BANKING ICSE X

Neelam deposits Rs.800 per month in a cumulative deposit account for 5 years. Find the amount payable to her on maturity, if the rate of interest is 6% p.a.

• Rs. 55,320

• Rs. 50,000

• Rs. 45,000

• Rs. 40,320

Rakesh deposits Rs.1000 every month in a recurring deposit account for 3 years at 10% S.I. p.a. Find the interest earned by him in 3 years.

• Rs. 5450

• Rs. 5550

• Rs. 4500

• Rs. 5400

Muskan deposits Rs. 1000 per month in a recurring deposit account for 3 years. At the time of maturity, she gets Rs. 40,440. Find the rate of interest p.a.

• 8%

• 9%

• 10%

• 10.2%

Renu deposited Rs. 150 per month in her bank for 8 months under the recurring deposit scheme. What will be the maturity value of her deposit, if the rate of interest is 8% p.a. and the interest is calculated at the end of every month.

• Rs. 1200

• Rs. 1000

• Rs. 1136

• Rs. 1236

Ramesh deposits Rs. 600 every month in a recurring deposit account for 2 years at 8% S.I. p.a. Find the interest earned by him in 2 years.

• Rs. 1210

• Rs. 1200

• Rs. 1000

• Rs. 1220

Anuj deposited Rs.80 per month in a recurring deposit account for 1 year at the rate of 10% p.a. Find the amount he will get on maturity.

• Rs. 1000

• Rs. 1012

• Rs. 2012

• Rs. 2000

Mr. Sunil has a recurring bank account of Rs. 2000 per month for a period of 4 years. What amount will he get at the time of maturity if the rate of interest is 12% S.I. p.a.?

• Rs. 1,00,000

• Rs. 10,000

• Rs. 2,19,520

• Rs. 1,19,520

Anil opened a recurring deposit account in a bank and deposited Rs. 300 per month for 2 years. If he received Rs. 7,740 at the time of maturity, find the rate of interest p.a.

• 7%

• 8%

• 7.2%

• 8.2%

Suresh deposits Rs. 1600 per month in a recurring deposit account at 9% p.a. S.I. If he gets Rs. 65,592 at the time of maturity, find the total time for which the account was held.

• 2 years

• 1 year

• 3 years

• 4 years

Mr. Suri opens a Savings Bank Account with SBI with an initial deposit of Rs.700. If he opens the account on 12th July and closes it on 12th November of the same year, what interest is accrued to him, the rate of interest being 4.5% p.a?

• Rs. 10

• Rs. 7

• Rs. 8.88

• Rs. 7.88