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
    • May
    • 2025
    • , at
    • 3
    • % per annum
    • Date
      Particulars
      Debit
      Credit
      Balance
      11th Nov 2024
      By Balance
      -----
      -----
      ₹1000.00
      21st Nov 2024
      By Cash
      -----
      ₹1000.00
      ₹2000.00
      26th Dec 2024
      To Self
      ₹250.00
      -----
      ₹1750.00
      3rd Jan 2025
      To Cheque
      ₹375.00
      -----
      ₹1375.00
      12th Jan 2025
      By Clearing
      -----
      ₹188.00
      ₹1563.00
      14th Feb 2025
      To Self
      ₹282.00
      -----
      ₹1281.00
      26th Feb 2025
      By Clearing
      -----
      ₹70.00
      ₹1351.00
      16th Mar 2025
      By Clearing
      -----
      ₹88.00
      ₹1439.00
      20th Apr 2025
      To Cash
      ₹110.00
      -----
      ₹1329.00
      28th Apr 2025
      By Transfer
      -----
      ₹82.00
      ₹1411.00
      27th May 2025
      To Cheque
      ₹206.00
      -----
      ₹1205.00
  • (i)
    ₹15.75
  • (ii)
    ₹23.75
  • (iii)
    ₹25.75
  • (iv)
    ₹17.75
  • (v)
    ₹20.75
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
    • July
    • 2025
    • is
    • ₹27.60
    • Date
      Particulars
      Debit
      Credit
      Balance
      11th Dec 2024
      By Balance
      -----
      -----
      ₹1000.00
      21st Dec 2024
      By Clearing
      -----
      ₹3000.00
      ₹4000.00
      18th Jan 2025
      To Self
      ₹1500.00
      -----
      ₹2500.00
      25th Feb 2025
      To Cash
      ₹750.00
      -----
      ₹1750.00
      28th Feb 2025
      To Cash
      ₹188.00
      -----
      ₹1562.00
      3rd Apr 2025
      To Self
      ₹141.00
      -----
      ₹1421.00
      15th Apr 2025
      To Cash
      ₹211.00
      -----
      ₹1210.00
      30th Apr 2025
      By Cash
      -----
      ₹105.00
      ₹1315.00
      26th May 2025
      By Cash
      -----
      ₹158.00
      ₹1473.00
      3rd Jun 2025
      To Self
      ₹118.00
      -----
      ₹1355.00
      6th Jul 2025
      By Transfer
      -----
      ₹178.00
      ₹1533.00
  • (i)
    2.00%
  • (ii)
    3.00%
  • (iii)
    5.00%
  • (iv)
    1.00%
  • (v)
    4.00%
Question 3
3.
In a Recurring Deposit Scheme, if principal = ₹800.00, rate of interest = 5.00% per annum and number of terms is 12 months, the maturity value =
  • (i)
    ₹9860.00
  • (ii)
    ₹10100.00
  • (iii)
    ₹9710.00
  • (iv)
    ₹9690.00
  • (v)
    ₹10020.00
Question 4
4.
In a Recurring Deposit Scheme, if principal = ₹900.00 , rate of interest = 10.00% per annum and maturity value ₹37395.00, the number of months =
  • (i)
    33
  • (ii)
    36
  • (iii)
    41
  • (iv)
    39
  • (v)
    31
Question 5
5.
In a Recurring Deposit Scheme, if principal = ₹1700.00 , maturity value = ₹21063.00 and number of terms is 12 months, the rate of interest per annum =
  • (i)
    7.00%
  • (ii)
    4.00%
  • (iii)
    6.00%
  • (iv)
    8.00%
  • (v)
    5.00%
Question 6
6.
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)
    ₹1100.00
  • (ii)
    ₹1030.00
  • (iii)
    ₹1160.00
  • (iv)
    ₹1360.00
  • (v)
    ₹920.00
Question 7
7.
A person deposited ₹700.00 in a bank for 17 months under a Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 3.00% per annum and interest is calculated at the end of each month.
  • (i)
    ₹12567.75
  • (ii)
    ₹13867.75
  • (iii)
    ₹12167.75
  • (iv)
    ₹11367.75
  • (v)
    ₹10667.75
Question 8
8.
A person deposits ₹700.00 per month under a Recurring Deposit Scheme, interest being calculated at the end of each month. If the rate of interest is 4.00% per annum and the person gets ₹18258.33 at the time of maturity, find the number of months for which the account was held.
  • (i)
    25
  • (ii)
    28
  • (iii)
    22
  • (iv)
    30
  • (v)
    20
Question 9
9.
A person deposited ₹1400.00 in a bank for 19 months under a Recurring Deposit Scheme. If the person received ₹28151.67 at the time of maturity, find the rate of interest per annum.
  • (i)
    7.00%
  • (ii)
    8.00%
  • (iii)
    5.00%
  • (iv)
    6.00%
  • (v)
    9.00%
Question 10
10.
A person deposits in a Recurring Deposit account for 30 months. If the rate of interest is 8.00% per annum and the bank pays ₹66200.00 on maturity, find how much he deposited each month
  • (i)
    ₹1880.00
  • (ii)
    ₹2140.00
  • (iii)
    ₹2000.00
  • (iv)
    ₹2170.00
  • (v)
    ₹1730.00
Question 11
11.
    • The following are the details of the savings bank account of a person.
    • Calculate the interest up to the end of
    • June
    • 2025
    • , at
    • 2
    • % per annum
    • Date
      Particulars
      Debit
      Credit
      Balance
      17th Nov 2024
      By Balance
      -----
      -----
      ₹1000.00
      27th Nov 2024
      By Transfer
      -----
      ₹11000.00
      ₹12000.00
      27th Dec 2024
      By Clearing
      -----
      ₹2750.00
      ₹14750.00
      11th Jan 2025
      To Self
      ₹6875.00
      -----
      ₹7875.00
      11th Feb 2025
      By Transfer
      -----
      ₹1719.00
      ₹9594.00
      12th Feb 2025
      To Cash
      ₹2149.00
      -----
      ₹7445.00
      1st Mar 2025
      To Cash
      ₹3223.00
      -----
      ₹4222.00
      4th Apr 2025
      To Self
      ₹1611.00
      -----
      ₹2611.00
      29th Apr 2025
      To Self
      ₹403.00
      -----
      ₹2208.00
      9th May 2025
      By Cheque
      -----
      ₹604.00
      ₹2812.00
      7th Jun 2025
      To Self
      ₹453.00
      -----
      ₹2359.00
  • (i)
    ₹59.88
  • (ii)
    ₹61.88
  • (iii)
    ₹69.88
  • (iv)
    ₹67.88
  • (v)
    ₹64.88
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
    • May
    • 2025
    • is
    • ₹261.45
    • Date
      Particulars
      Debit
      Credit
      Balance
      17th Nov 2024
      By Balance
      -----
      -----
      ₹1000.00
      27th Nov 2024
      By Cheque
      -----
      ₹8000.00
      ₹9000.00
      15th Dec 2024
      To Self
      ₹4000.00
      -----
      ₹5000.00
      25th Dec 2024
      By Clearing
      -----
      ₹1000.00
      ₹6000.00
      3rd Jan 2025
      By Cheque
      -----
      ₹2500.00
      ₹8500.00
      5th Jan 2025
      To Self
      ₹1875.00
      -----
      ₹6625.00
      8th Feb 2025
      By Transfer
      -----
      ₹2813.00
      ₹9438.00
      16th Mar 2025
      By Cash
      -----
      ₹2110.00
      ₹11548.00
      6th Apr 2025
      By Transfer
      -----
      ₹2637.00
      ₹14185.00
      16th May 2025
      To Cheque
      ₹6593.00
      -----
      ₹7592.00
      29th May 2025
      By Clearing
      -----
      ₹1648.00
      ₹9240.00
  • (i)
    8.00%
  • (ii)
    7.00%
  • (iii)
    5.00%
  • (iv)
    6.00%
  • (v)
    4.00%
Question 13
13.
In a Recurring Deposit Scheme, if principal = ₹700.00, rate of interest = 10.00% per annum and number of terms is 12 months, the maturity value =
  • (i)
    ₹9085.00
  • (ii)
    ₹8905.00
  • (iii)
    ₹8595.00
  • (iv)
    ₹8855.00
  • (v)
    ₹8715.00
Question 14
14.
In a Recurring Deposit Scheme, if principal = ₹1100.00 , rate of interest = 4.00% per annum and maturity value ₹13486.00, the number of months =
  • (i)
    17
  • (ii)
    7
  • (iii)
    12
  • (iv)
    15
  • (v)
    9
Question 15
15.
In a Recurring Deposit Scheme, if principal = ₹1400.00 , maturity value = ₹58170.00 and number of terms is 36 months, the rate of interest per annum =
  • (i)
    5.00%
  • (ii)
    7.00%
  • (iii)
    10.00%
  • (iv)
    13.00%
  • (v)
    15.00%
Question 16
16.
In a Recurring Deposit Scheme, if maturity value = ₹6035.00 , rate of interest = 2.00% per annum and number of terms is 6 months, the principal =
  • (i)
    ₹1000.00
  • (ii)
    ₹1180.00
  • (iii)
    ₹1040.00
  • (iv)
    ₹870.00
  • (v)
    ₹840.00
Question 17
17.
A person deposited ₹800.00 in a bank for 20 months under a Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 2.00% per annum and interest is calculated at the end of each month.
  • (i)
    ₹16480.00
  • (ii)
    ₹13580.00
  • (iii)
    ₹17780.00
  • (iv)
    ₹14680.00
  • (v)
    ₹16280.00
Question 18
18.
A person deposits ₹500.00 per month under a Recurring Deposit Scheme, interest being calculated at the end of each month. If the rate of interest is 4.00% per annum and the person gets ₹13585.00 at the time of maturity, find the number of months for which the account was held.
  • (i)
    23
  • (ii)
    26
  • (iii)
    21
  • (iv)
    29
  • (v)
    31
Question 19
19.
A person deposited ₹1800.00 in a bank for 24 months under a Recurring Deposit Scheme. If the person received ₹46800.00 at the time of maturity, find the rate of interest per annum.
  • (i)
    7.00%
  • (ii)
    8.00%
  • (iii)
    10.00%
  • (iv)
    9.00%
  • (v)
    6.00%
Question 20
20.
A person deposits in a Recurring Deposit account for 12 months. If the rate of interest is 8.00% per annum and the bank pays ₹8764.00 on maturity, find how much he deposited each month
  • (i)
    ₹685.00
  • (ii)
    ₹687.00
  • (iii)
    ₹713.00
  • (iv)
    ₹712.00
  • (v)
    ₹700.00
    Assignment Key

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