EduSahara™ Assignment
Name : Banking
Chapter : Banking
Grade : ICSE Grade X
License : Non Commercial Use
Question 1
1.
    • The following are the details of the savings bank account of a person.
    • Calculate the interest up to the end of
    • March
    • 2025
    • , at
    • 3
    • % per annum
    • Date
      Particulars
      Debit
      Credit
      Balance
      17th Sep 2024
      By Balance
      -----
      -----
      ₹1000.00
      27th Sep 2024
      By Cheque
      -----
      ₹4000.00
      ₹5000.00
      30th Oct 2024
      To Self
      ₹1000.00
      -----
      ₹4000.00
      2nd Dec 2024
      By Cheque
      -----
      ₹1500.00
      ₹5500.00
      16th Dec 2024
      By Cheque
      -----
      ₹1125.00
      ₹6625.00
      4th Jan 2025
      To Self
      ₹2813.00
      -----
      ₹3812.00
      19th Jan 2025
      To Self
      ₹1406.00
      -----
      ₹2406.00
      6th Feb 2025
      To Self
      ₹703.00
      -----
      ₹1703.00
      14th Feb 2025
      By Cheque
      -----
      ₹176.00
      ₹1879.00
      9th Mar 2025
      To Self
      ₹440.00
      -----
      ₹1439.00
      23rd Mar 2025
      By Transfer
      -----
      ₹220.00
      ₹1659.00
  • (i)
    ₹44.62
  • (ii)
    ₹52.62
  • (iii)
    ₹47.62
  • (iv)
    ₹42.62
  • (v)
    ₹50.62
Question 2
2.
    • The following are the details of the savings bank account of a person.
    • Calculate the rate of interest, if the interest at the end of
    • March
    • 2025
    • is
    • ₹111.10
    • Date
      Particulars
      Debit
      Credit
      Balance
      22nd Sep 2024
      By Balance
      -----
      -----
      ₹1000.00
      2nd Oct 2024
      By Cash
      -----
      ₹4000.00
      ₹5000.00
      5th Oct 2024
      By Clearing
      -----
      ₹2000.00
      ₹7000.00
      24th Oct 2024
      By Clearing
      -----
      ₹3000.00
      ₹10000.00
      22nd Nov 2024
      To Cash
      ₹4500.00
      -----
      ₹5500.00
      22nd Dec 2024
      By Transfer
      -----
      ₹2250.00
      ₹7750.00
      27th Dec 2024
      To Self
      ₹3375.00
      -----
      ₹4375.00
      28th Dec 2024
      By Cash
      -----
      ₹844.00
      ₹5219.00
      10th Jan 2025
      By Cash
      -----
      ₹2110.00
      ₹7329.00
      16th Feb 2025
      To Cash
      ₹1582.00
      -----
      ₹5747.00
      12th Mar 2025
      To Cheque
      ₹2374.00
      -----
      ₹3373.00
  • (i)
    3.00%
  • (ii)
    2.00%
  • (iii)
    5.00%
  • (iv)
    6.00%
  • (v)
    4.00%
Question 3
3.
In a Recurring Deposit Scheme, if principal = ₹1500.00, rate of interest = 5.00% per annum and number of terms is 18 months, the maturity value =
  • (i)
    ₹28268.75
  • (ii)
    ₹30468.75
  • (iii)
    ₹26468.75
  • (iv)
    ₹28068.75
  • (v)
    ₹26568.75
Question 4
4.
In a Recurring Deposit Scheme, if principal = ₹700.00 , rate of interest = 5.00% per annum and maturity value ₹4261.25, the number of months =
  • (i)
    4
  • (ii)
    5
  • (iii)
    7
  • (iv)
    8
  • (v)
    6
Question 5
5.
In a Recurring Deposit Scheme, if principal = ₹1700.00 , maturity value = ₹10259.50 and number of terms is 6 months, the rate of interest per annum =
  • (i)
    1.00%
  • (ii)
    4.00%
  • (iii)
    3.00%
  • (iv)
    2.00%
  • (v)
    0.00%
Question 6
6.
In a Recurring Deposit Scheme, if maturity value = ₹19600.00 , rate of interest = 2.00% per annum and number of terms is 24 months, the principal =
  • (i)
    ₹818.00
  • (ii)
    ₹800.00
  • (iii)
    ₹786.00
  • (iv)
    ₹827.00
Question 7
7.
A person deposited ₹1100.00 in a bank for 13 months under a Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 5.00% per annum and interest is calculated at the end of each month.
  • (i)
    ₹16917.08
  • (ii)
    ₹15317.08
  • (iii)
    ₹14717.08
  • (iv)
    ₹13017.08
  • (v)
    ₹13517.08
Question 8
8.
A person deposits ₹1600.00 per month under a Recurring Deposit Scheme, interest being calculated at the end of each month. If the rate of interest is 2.00% per annum and the person gets ₹37536.00 at the time of maturity, find the number of months for which the account was held.
  • (i)
    20
  • (ii)
    18
  • (iii)
    23
  • (iv)
    26
  • (v)
    28
Question 9
9.
A person deposited ₹1400.00 in a bank for 14 months under a Recurring Deposit Scheme. If the person received ₹20825.00 at the time of maturity, find the rate of interest per annum.
  • (i)
    7.00%
  • (ii)
    10.00%
  • (iii)
    15.00%
  • (iv)
    5.00%
  • (v)
    13.00%
Question 10
10.
A person deposits in a Recurring Deposit account for 13 months. If the rate of interest is 2.00% per annum and the bank pays ₹19727.50 on maturity, find how much he deposited each month
  • (i)
    ₹1280.00
  • (ii)
    ₹1750.00
  • (iii)
    ₹1440.00
  • (iv)
    ₹1630.00
  • (v)
    ₹1500.00
Question 11
11.
    • The following are the details of the savings bank account of a person.
    • Calculate the interest up to the end of
    • February
    • 2025
    • , at
    • 2
    • % per annum
    • Date
      Particulars
      Debit
      Credit
      Balance
      9th Sep 2024
      By Balance
      -----
      -----
      ₹1000.00
      19th Sep 2024
      By Clearing
      -----
      ₹15000.00
      ₹16000.00
      29th Oct 2024
      To Cash
      ₹7500.00
      -----
      ₹8500.00
      19th Nov 2024
      By Cheque
      -----
      ₹1875.00
      ₹10375.00
      21st Nov 2024
      To Self
      ₹4688.00
      -----
      ₹5687.00
      4th Dec 2024
      By Cash
      -----
      ₹2344.00
      ₹8031.00
      14th Dec 2024
      By Transfer
      -----
      ₹3516.00
      ₹11547.00
      19th Dec 2024
      By Cheque
      -----
      ₹5274.00
      ₹16821.00
      11th Jan 2025
      To Cheque
      ₹7911.00
      -----
      ₹8910.00
      31st Jan 2025
      By Cheque
      -----
      ₹1978.00
      ₹10888.00
      15th Feb 2025
      By Cash
      -----
      ₹2472.00
      ₹13360.00
  • (i)
    ₹68.70
  • (ii)
    ₹76.70
  • (iii)
    ₹71.70
  • (iv)
    ₹66.70
  • (v)
    ₹74.70
Question 12
12.
    • The following are the details of the savings bank account of a person.
    • Calculate the rate of interest, if the interest at the end of
    • April
    • 2025
    • is
    • ₹172.80
    • Date
      Particulars
      Debit
      Credit
      Balance
      9th Oct 2024
      By Balance
      -----
      -----
      ₹1000.00
      19th Oct 2024
      By Cash
      -----
      ₹15000.00
      ₹16000.00
      6th Nov 2024
      By Cheque
      -----
      ₹7500.00
      ₹23500.00
      13th Nov 2024
      To Cheque
      ₹11250.00
      -----
      ₹12250.00
      20th Dec 2024
      To Self
      ₹2813.00
      -----
      ₹9437.00
      14th Jan 2025
      By Cash
      -----
      ₹2109.00
      ₹11546.00
      26th Jan 2025
      By Clearing
      -----
      ₹2637.00
      ₹14183.00
      22nd Feb 2025
      To Cheque
      ₹3296.00
      -----
      ₹10887.00
      3rd Mar 2025
      By Cash
      -----
      ₹4944.00
      ₹15831.00
      12th Mar 2025
      By Cheque
      -----
      ₹3708.00
      ₹19539.00
      20th Apr 2025
      To Cash
      ₹9270.00
      -----
      ₹10269.00
  • (i)
    1.00%
  • (ii)
    4.00%
  • (iii)
    2.00%
  • (iv)
    5.00%
  • (v)
    3.00%
Question 13
13.
In a Recurring Deposit Scheme, if principal = ₹900.00, rate of interest = 5.00% per annum and number of terms is 36 months, the maturity value =
  • (i)
    ₹34897.50
  • (ii)
    ₹33197.50
  • (iii)
    ₹37397.50
  • (iv)
    ₹33297.50
  • (v)
    ₹35597.50
Question 14
14.
In a Recurring Deposit Scheme, if principal = ₹600.00 , rate of interest = 3.00% per annum and maturity value ₹7317.00, the number of months =
  • (i)
    7
  • (ii)
    17
  • (iii)
    12
  • (iv)
    9
  • (v)
    15
Question 15
15.
In a Recurring Deposit Scheme, if principal = ₹700.00 , maturity value = ₹4273.50 and number of terms is 6 months, the rate of interest per annum =
  • (i)
    5.00%
  • (ii)
    8.00%
  • (iii)
    6.00%
  • (iv)
    4.00%
  • (v)
    7.00%
Question 16
16.
In a Recurring Deposit Scheme, if maturity value = ₹28875.00 , rate of interest = 9.00% per annum and number of terms is 24 months, the principal =
  • (i)
    ₹1270.00
  • (ii)
    ₹920.00
  • (iii)
    ₹1100.00
  • (iv)
    ₹1080.00
  • (v)
    ₹1150.00
Question 17
17.
A person deposited ₹1300.00 in a bank for 12 months under a Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 7.00% per annum and interest is calculated at the end of each month.
  • (i)
    ₹16191.50
  • (ii)
    ₹18691.50
  • (iii)
    ₹13591.50
  • (iv)
    ₹17891.50
  • (v)
    ₹15391.50
Question 18
18.
A person deposits ₹800.00 per month under a Recurring Deposit Scheme, interest being calculated at the end of each month. If the rate of interest is 5.00% per annum and the person gets ₹22860.00 at the time of maturity, find the number of months for which the account was held.
  • (i)
    30
  • (ii)
    22
  • (iii)
    27
  • (iv)
    24
  • (v)
    32
Question 19
19.
A person deposited ₹1200.00 in a bank for 28 months under a Recurring Deposit Scheme. If the person received ₹34818.00 at the time of maturity, find the rate of interest per annum.
  • (i)
    5.00%
  • (ii)
    1.00%
  • (iii)
    4.00%
  • (iv)
    2.00%
  • (v)
    3.00%
Question 20
20.
A person deposits in a Recurring Deposit account for 16 months. If the rate of interest is 5.00% per annum and the bank pays ₹8283.33 on maturity, find how much he deposited each month
  • (i)
    ₹477.00
  • (ii)
    ₹500.00
  • (iii)
    ₹527.00
  • (iv)
    ₹484.00
  • (v)
    ₹515.00
    Assignment Key

  •  1) (iii)
  •  2) (v)
  •  3) (iv)
  •  4) (v)
  •  5) (iv)
  •  6) (ii)
  •  7) (iii)
  •  8) (iii)
  •  9) (ii)
  •  10) (v)
  •  11) (iii)
  •  12) (v)
  •  13) (i)
  •  14) (iii)
  •  15) (iii)
  •  16) (iii)
  •  17) (i)
  •  18) (iii)
  •  19) (v)
  •  20) (ii)