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Banking 1

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33 views

Banking 1

Uploaded by

bikash87642008
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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4. Mr Rathod opens a recurring deposit account in a bank. If the rate of interest is 7% per annum and
he receives t5150 from the bank after two years, calculate the value of his monthly deposit.

5. Riz opens a recurring deposit account in a bank which gives simple interest of 8% p.a. He receives
t20,220 from the bank after 3 years. Find the monthly deposit.

... 6. Find the maturity value of a recurring deposit scheme when Mr Rao deposits ~'300 every month at
8% p.a. for 2!. years.
2

7. Jainil opens a recurring deposit account in a bank of ~400 per month. How many instalments does
he have to pay to get a maturity of ~8560 if the bank pays a simple interest of 8% p.a.?

, 8. Madhuri deposits ~800 every month for 2 ½years in a recurring deposit scheme. The interest earned
is t2790. Calculate the rate of interest and the maturity value of the investment.
BOARD PAPER QUESTIONS
1. Mr R K Nair gets ~6,455 at the end of one year ~t
(i) The interest paid by the bank.
the rate of 14% per annum in a recurring deposit
account. Find the monthly instalment. [2005) (ii) The rate of interest.
[20111
2. Mohan deposits ~80 per month in a cumulative Kiran deposited ~200 per month for 36 months
deposit account for six years. Find the amount in a bank's recurring deposit account. If the bank
payable to him on maturity, if the rate of interest pays interest at the rate of 11 % per annum, find
is 6% per annum. [2006) the amount she gets on maturity. [20121
3. Saloni deposited nso per month in her bank for 9. Mr Britto deposits a certain sum of money each
eight months under the Recurring Deposit Scheme. month in a Recurring Deposit Account of a bank.
What will be the maturity value of her deposit, If the rate of interest is of 8% per annum and Mr
if the rate of interest is 8% per annum and the Britto gets f8088 from the bank after 3 years, find
interest is calculated at the end of every month?
the value of his monthly instalment. [2013]
[2007)
4. David opened a Recurring Deposit Account in a 10. Shahrukh opened a Recurring Deposit Account
bank and deposited f300 per month for two years. in a bank and deposited f800 per month for
If he received f7725 at the time of maturity, find 1½ years. If he received nS,084 at the time of
the rate of interest per annum. [2008] maturity, find the rate of interest per annum.

5. Mrs Goswami deposits nooo every month in a ( 11. [20141


recurring deposit account for 3 years at 8% interest Katrina opened a recurring deposit account with
per annum. Find the matured value. (2009]
a Nationalised Bank for a period of 2 years. If the
6. Mr Gupta opened a recurring deposit account in bank pays interest at the rate of 6% per annum
a bank. He deposited f2500 per month for two and the monthly instalment is i1000, find the:
years. At the time of maturity he got f67,500. Find (i) interest earned in 2 years.
(i) the total interest earned by Mr Gupta. (ii) matured value.
(ii) the rate of interest per annum. (2010] 12. Mr. Richard has a recurring deposit a [2015]
.
7. Ahmed has a recurring deposit account in a bank. bank for 3 years at 7.5% p. a. simple m· tCCOUnt ma
He deposits f2,500 per month for 2 years. If he . · If he
gets ~8325 as interest at the time of rn tuerest
gets f66,250 at the time of maturity, find (z). the monthly deposit a rity, find
(ii) the maturity value.

[201Rl

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