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CLASS-10: Banking (Recurring Deposit)

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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Manju Yadav
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2K views9 pages

CLASS-10: Banking (Recurring Deposit)

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.

Uploaded by

Manju Yadav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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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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