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
October
2024
, at
3
% per annum
Date
Particulars
Debit
Credit
Balance
5th Jul 2024
By Balance
-----
-----
₹1000.00
15th Jul 2024
By Transfer
-----
₹4000.00
₹5000.00
17th Jul 2024
To Cash
₹2000.00
-----
₹3000.00
21st Jul 2024
To Cash
₹1000.00
-----
₹2000.00
29th Jul 2024
To Self
₹500.00
-----
₹1500.00
7th Aug 2024
To Cash
₹125.00
-----
₹1375.00
12th Aug 2024
By Cash
-----
₹94.00
₹1469.00
28th Aug 2024
To Cash
₹117.00
-----
₹1352.00
14th Sep 2024
By Clearing
-----
₹88.00
₹1440.00
20th Sep 2024
By Clearing
-----
₹110.00
₹1550.00
23rd Oct 2024
By Cash
-----
₹275.00
₹1825.00
(i)
₹10.12
(ii)
₹16.12
(iii)
₹13.12
(iv)
₹8.12
(v)
₹18.12
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
₹66.88
Date
Particulars
Debit
Credit
Balance
10th Aug 2024
By Balance
-----
-----
₹1000.00
20th Aug 2024
By Cheque
-----
₹7000.00
₹8000.00
7th Sep 2024
To Cash
₹1750.00
-----
₹6250.00
14th Oct 2024
To Cheque
₹2625.00
-----
₹3625.00
21st Nov 2024
To Self
₹1313.00
-----
₹2312.00
25th Dec 2024
To Cash
₹328.00
-----
₹1984.00
3rd Jan 2025
By Cash
-----
₹492.00
₹2476.00
16th Jan 2025
By Transfer
-----
₹738.00
₹3214.00
19th Jan 2025
By Cheque
-----
₹554.00
₹3768.00
23rd Feb 2025
By Cheque
-----
₹692.00
₹4460.00
5th Mar 2025
By Clearing
-----
₹865.00
₹5325.00
(i)
5.00%
(ii)
1.00%
(iii)
2.00%
(iv)
4.00%
(v)
3.00%
Question
3
3.
In a Recurring Deposit Scheme, if principal = ₹600.00, rate of interest = 3.00% per annum and number of terms is 18 months, the maturity value =
(i)
₹11056.50
(ii)
₹11256.50
(iii)
₹9356.50
(iv)
₹10556.50
(v)
₹13756.50
Question
4
4.
In a Recurring Deposit Scheme, if principal = ₹1700.00 , rate of interest = 7.00% per annum and maturity value ₹21173.50, the number of months =
(i)
7
(ii)
9
(iii)
15
(iv)
17
(v)
12
Question
5
5.
In a Recurring Deposit Scheme, if principal = ₹700.00 , maturity value = ₹18200.00 and number of terms is 24 months, the rate of interest per annum =
(i)
6.00%
(ii)
8.00%
(iii)
9.00%
(iv)
7.00%
(v)
10.00%
Question
6
6.
In a Recurring Deposit Scheme, if maturity value = ₹50350.00 , rate of interest = 10.00% per annum and number of terms is 24 months, the principal =
(i)
₹2070.00
(ii)
₹1900.00
(iii)
₹1680.00
(iv)
₹1880.00
(v)
₹1950.00
Question
7
7.
A person deposited ₹800.00 in a bank for 24 months under a Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 10.00% per annum and interest is calculated at the end of each month.
(i)
₹20400.00
(ii)
₹21900.00
(iii)
₹19600.00
(iv)
₹23700.00
(v)
₹21200.00
Question
8
8.
A person deposits ₹1900.00 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 ₹52178.75 at the time of maturity, find the number of months for which the account was held.
(i)
23
(ii)
29
(iii)
26
(iv)
21
(v)
31
Question
9
9.
A person deposited ₹1000.00 in a bank for 26 months under a Recurring Deposit Scheme. If the person received ₹28340.00 at the time of maturity, find the rate of interest per annum.
(i)
7.00%
(ii)
9.00%
(iii)
6.00%
(iv)
8.00%
(v)
10.00%
Question
10
10.
A person deposits in a Recurring Deposit account for 20 months. If the rate of interest is 10.00% per annum and the bank pays ₹19575.00 on maturity, find how much he deposited each month
(i)
₹900.00
(ii)
₹873.00
(iii)
₹908.00
(iv)
₹896.00
(v)
₹928.00
Question
11
11.
The following are the details of the savings bank account of a person.
Calculate the interest up to the end of
January
2025
, at
4
% per annum
Date
Particulars
Debit
Credit
Balance
12th Aug 2024
By Balance
-----
-----
₹1000.00
22nd Aug 2024
By Clearing
-----
₹4000.00
₹5000.00
2nd Sep 2024
By Transfer
-----
₹1000.00
₹6000.00
7th Sep 2024
To Cash
₹1250.00
-----
₹4750.00
10th Sep 2024
To Self
₹938.00
-----
₹3812.00
8th Oct 2024
By Clearing
-----
₹703.00
₹4515.00
12th Oct 2024
By Cash
-----
₹1758.00
₹6273.00
18th Oct 2024
By Transfer
-----
₹2637.00
₹8910.00
13th Nov 2024
By Clearing
-----
₹3955.00
₹12865.00
19th Dec 2024
To Self
₹5933.00
-----
₹6932.00
28th Jan 2025
To Cash
₹1483.00
-----
₹5449.00
(i)
₹95.73
(ii)
₹101.73
(iii)
₹103.73
(iv)
₹98.73
(v)
₹93.73
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
January
2025
is
₹74.07
Date
Particulars
Debit
Credit
Balance
7th Jul 2024
By Balance
-----
-----
₹1000.00
17th Jul 2024
By Transfer
-----
₹11000.00
₹12000.00
27th Jul 2024
To Cheque
₹5500.00
-----
₹6500.00
30th Aug 2024
To Self
₹1375.00
-----
₹5125.00
10th Sep 2024
To Self
₹1031.00
-----
₹4094.00
7th Oct 2024
By Transfer
-----
₹774.00
₹4868.00
9th Oct 2024
To Self
₹1934.00
-----
₹2934.00
2nd Nov 2024
By Transfer
-----
₹967.00
₹3901.00
29th Nov 2024
By Transfer
-----
₹725.00
₹4626.00
28th Dec 2024
To Self
₹1813.00
-----
₹2813.00
24th Jan 2025
To Cheque
₹453.00
-----
₹2360.00
(i)
2.00%
(ii)
3.00%
(iii)
6.00%
(iv)
5.00%
(v)
4.00%
Question
13
13.
In a Recurring Deposit Scheme, if principal = ₹1200.00, rate of interest = 10.00% per annum and number of terms is 12 months, the maturity value =
(i)
₹15580.00
(ii)
₹13980.00
(iii)
₹16880.00
(iv)
₹14580.00
(v)
₹15180.00
Question
14
14.
In a Recurring Deposit Scheme, if principal = ₹1800.00 , rate of interest = 2.00% per annum and maturity value ₹55395.00, the number of months =
(i)
33
(ii)
25
(iii)
27
(iv)
30
(v)
35
Question
15
15.
In a Recurring Deposit Scheme, if principal = ₹1900.00 , maturity value = ₹63626.25 and number of terms is 30 months, the rate of interest per annum =
(i)
7.00%
(ii)
11.00%
(iii)
9.00%
(iv)
10.00%
(v)
8.00%
Question
16
16.
In a Recurring Deposit Scheme, if maturity value = ₹48243.00 , rate of interest = 2.00% per annum and number of terms is 36 months, the principal =
(i)
₹1130.00
(ii)
₹1120.00
(iii)
₹1440.00
(iv)
₹1380.00
(v)
₹1300.00
Question
17
17.
A person deposited ₹1500.00 in a bank for 21 months under a Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 8.00% per annum and interest is calculated at the end of each month.
(i)
₹33810.00
(ii)
₹34010.00
(iii)
₹36510.00
(iv)
₹32210.00
Question
18
18.
A person deposits ₹1500.00 per month under a Recurring Deposit Scheme, interest being calculated at the end of each month. If the rate of interest is 10.00% per annum and the person gets ₹18975.00 at the time of maturity, find the number of months for which the account was held.
(i)
7
(ii)
9
(iii)
15
(iv)
17
(v)
12
Question
19
19.
A person deposited ₹1000.00 in a bank for 19 months under a Recurring Deposit Scheme. If the person received ₹19316.67 at the time of maturity, find the rate of interest per annum.
(i)
0.00%
(ii)
2.00%
(iii)
3.00%
(iv)
1.00%
(v)
4.00%
Question
20
20.
A person deposits in a Recurring Deposit account for 15 months. If the rate of interest is 6.00% per annum and the bank pays ₹17160.00 on maturity, find how much he deposited each month
(i)
₹1100.00
(ii)
₹1240.00
(iii)
₹840.00
(iv)
₹1280.00
(v)
₹1070.00
Assignment Key
1) (iii)
2) (v)
3) (i)
4) (v)
5) (ii)
6) (ii)
7) (v)
8) (iii)
9) (iv)
10) (i)
11) (iv)
12) (v)
13) (v)
14) (iv)
15) (iii)
16) (v)
17) (i)
18) (v)
19) (ii)
20) (i)
