ICSE CLASS 10TH 2023-2034 MATHEMATICS CH 2 : BANKING

CHAPTER 2
BANKING

and he received `882 as interest at the end of

PREVIOUS EXAM QUESTIONS maturity, find the monthly installment.
QUESTION 45. Main 2002
45. Meena deposited `700 per month in a R.D.
account for 1 14 years at bank. If the matured
value of this account is `11,130, find the interest
MULTIPLE CHOICE QUESTIONS received.
QUESTION 40. Main 2023
40. Naveen deposits `800 every month in a recurring
deposit account for 6 months. If he receives `4884
at the time of maturity, then the interest he earns
is: THREE MARKS QUESTIONS
(a) `84 (b) `42 QUESTION 46. Main 2020
(c) `24 (d) `284 46. Mr. Sonu has a recurring deposit account and
deposits ` 750 per month for 2 yr. If he gets
QUESTION 41. Comp 2023
41. Manish deposited `1500 per month in a recurring ` 19125 at the time of maturity, find the rate of
deposit account for 2 years. What is the amount interest.
payable to him on maturity if the rate of interest QUESTION 47. Comp 2020
is 8% per annum. 47. Mr Rajinder has a recurring deposit in a bank
(a) `3,900 (b) `4,200 for 3 years at 9% p.a. simple interest. if he gets
(c) `4,500 (d) `5,000 ` 3996 as interest at the time of maturity, find:
(i) the monthly installment.
QUESTION 42. Main 2021 Sem I
42. Mohit opened a recurring deposit account in a (ii) the amount of maturity.
bank for 2 years. He deposit `1,000 every month QUESTION 48. Main 2019
and receives 25,500 on maturity. The interest he 48. Rekha opened a recurring deposit account for 20
earned in 2 years is : months. The rate of interest is 9% per annum and
(a) `13,500 (b) `3,000 Rekha receives ` 441 as interest at the time of
(c) `24,000 (d) `1,500 maturity. Find the amount Rekha deposited each
month.
QUESTION 43. Main 2021 Sem I
43. A man deposit `500 per month for 6 months QUESTION 49. Comp 2019
and received `3,300 as the maturity value. The 49. Swamy deposited ` 400 at the beginning of every
interest received by him is : month in a recurring deposit and received ` 16398
(a) `1,950 (b) `300 at the end of 3 years. Find the rate of interest
(c) `2,800 (d) None of these given by the bank.
QUESTION 50. Main 2018
50. Priyanka has a recurring deposit account of `1000
per month at 10% per annum. If she gets `5550
TWO MARKS QUESTIONS as interest at the time of maturity, find the total
time for which the account was held.
QUESTION 44. Main 2003
44. Ritesh opened a R.D. account in a Bank for 20 QUESTION 51. Main 2018
months. If the rate of interest is 9% per annum 51. Sonia has a Recurring Deposit Account in a bank
and deposited `600 per month for 2 12 year. If the

PAGE 4 MOST IMPORTANT AND EXAM QUESTIONS NODIA APP

CH 2 : BANKING MATHEMATICS ICSE CLASS 10TH 2023-2034

rate of intersect was 10% per annum, find the QUESTION 60. Comp 2013
maturity value of this account. 60. How much should Sunita deposit at the beginning
of every month in recurring deposit account of
QUESTION 52. Comp 2018 a bank paying interest at the rate of 10%, if she
52. Mr Rohit saves ` 20 daily and deposit ` 600
wants to receive ` 6740 after 8 years?
monthly in his R.D. account in S.B.P. for 3 years.
If the rate of interest is r % per annum, then he QUESTION 61. Main 2012
can get ` 24430.50 on maturity. Find the value 61. Kiran deposited ` 200 per month for 36 months
of r . in bank’s recurring deposit account. If the bank
pays interest at the rate of 11% per annum, find
QUESTION 53. Main 2016 the amount she gets on maturity.
53. Mohan has a recurring deposit account in a bank
for 2 years at 6% per annum simple interest. If QUESTION 62. Main 2011
the gets `1200 as interest at the time of maturity, 62. Ahmed has a recurring deposit account in a bank.
then find He deposits `2500 per month for 2 yr. If he gets
(i) the monthly installment. `66250 at the time of maturity, find
(ii) the amount of maturity. (i) the interest paid by the bank.
(ii) the rate of interest.
QUESTION 54. Comp 2016
54. Reeta gets ` 48528 after 36 months. How much QUESTION 63. Main 2009
money she should invest per month in a R.D. 63. Mrs. Goswami deposits `1000 every month in a
account to get required amount when the bank recurring deposite account for 3 yr at 8% interest
pays the rate of interest 8% per annum? per annum. Find the maturited value.

QUESTION 55. Main 2015

QUESTION 64. Main 2008
55. Katrina opened a recurring deposit account with 64. David opened a recurring deposit account in a
a nationalized bank for a period of 2 yr. If the bank and deposited `300 per month for 2 yr. If he
bank pays interest at the rate of 6% per annum received `7725 at the time of maturity, find the
and the monthly installment is `1000, find the: rate of interest per annum.
(i) interest earned in 2 yr. QUESTION 65. Main 2007, Main 2001
(ii) matured value. 65. Solani deposited `150 per month in her bank for
eight months under the recurring deposit scheme.
QUESTION 56. Comp 2015
56. Mr. Johnson saves ` 800 every month and puts What will be the maturity value of her deposit,
into a recurring deposit account paying interest if the rate of interest is 8% per anuum and the
at the rate of 8% par annum. In order to receive interest is calculated at the end of every month?
` 57, 760 at the maturity amount, for how many QUESTION 66. Main 2006
months should he deposit ` 800 ? 66. Mohan deposits `80 per month in a cumulative
deposit account for 6 years. Find the amount
QUESTION 57. Main 2014
57. Sharukh opened a recurring deposite in a bank payable to him on maturity, if rate of interest is
and deposited `800 per month for 1 12 years. If the 6% per annum.
received `15084 at the time of maturity, find the QUESTION 67. Main 2005
rate of interest per annum. 67. Mr. RK Nair gets `6455 at the end of 1 yr a
the rate of 14% per annum in a recurring deposit
QUESTION 58. Comp 2014
58. Mr. Satish deposited ` 300 at the beginning of account. Find the monthly installment.
every month in a bank paying 8% S.I. per annum
in a recurring deposit account. How much would
he receive at the end of 4 years?
QUESTION 59. Main 2013 FOUR MARK QUESTIONS
59. Mr. Britto deposits a certain sum of money each
QUESTION 68. Main 2023
month in a recurring deposit account of a bank. 68. Salman deposits `1000 every month in a recurring
If the rate of interest is of 8% per annum and Mr. deposit account for 2 years. If he receives `26000
Britto gets `8088 from the bank after 3 yr, find on maturity, find :
the value of his monthly installment. (a) the total interest Salman earns.
(b) the rate of interest.

NODIA APP MOST IMPORTANT AND EXAM QUESTIONS PAGE 5

ICSE CLASS 10TH 2023-2034 MATHEMATICS CH 2 : BANKING

QUESTION 69. Comp 2023

69. Ram has a recurring deposit of ` 400 per month
at 10% per annum. if he gets ` 16620 at the time
of maturity, find total time for which the account
was held.
QUESTION 70. Main 2017
70. Mr. Richard has a recurring deposit account in a
bank for 3 yr at 7.5% p.a. simple interest. If he
gets `8325 as interest at the time of maturity, find
(i) the monthly deposit.
(ii) the maturity value.
QUESTION 71. Comp 2017
71. Shalini deposited `600 per month in a R.D.
account at Axis bank. If the matured value of
this account was `24,930 and the rate of interest
was 10% per annum, find the time for which the
account was held.
QUESTION 72. Main 2010
72. Mr. Gupta opened a recurring deposit account in
a bank. He deposited `2500 per month for 2 yr.
At the time of maturity, he get `67500. Find
(i) the total interest earned by Mr. Gupta.
(ii) the rate of interest per annum.
QUESTION 73. Comp 2010
73. Mr Goel has a recurring deposit account in a
bank. He deposits < 5000 per month for 2 yr. If
he gets < 132, 500 at the time of maturity, find
(i) the interest paid by the bank.
(ii) the rate of interest.
QUESTION 74. Main 2004
74. Mr Anwar deposits ` 300 per month for 27
months, in a recurring deposit account. If at the
time of maturity he gets ` 8950.50, find the rate
if interest.

QUESTION 75. Comp 2004

75. The matured value of a recurring deposit account
in a Bank is `16,176. If the monthly installment
is `400 and the rate of interest is 8% p.a., then
find the time period of this deposit account.

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PAGE 6 MOST IMPORTANT AND EXAM QUESTIONS NODIA APP