WORK SHEET FOR BANKING

 

 THE LAIDLAW MEMORIAL SCHOOL AND JUNIOR COLLEGE,

KETTI

MATHEMATICS WORKSHEET

TOPIC: BANKING

 

Answer the following:

1)      Ramesh opened a recurring deposit account in State Bank of India for a period of 2 years. If the bank pays interest at the rate of 8% per annum and the monthly in-stalment is ₹600, find the:

i)                    Interest earned in 2 years

ii)                  Maturity value

2)      Mr. Chandru deposits ₹350 per month in a cumulative deposit account for 6 years. Find the amount payable to him on maturity, if the rate of interest is 6% per annum.

3)      Mrs. Aishwarya has a recurring deposit account in a bank. She deposits ₹5000 per month for 2 years. If she get ₹132500 at the time of maturity, find

i)                    The interest paid by the bank

ii)                  The rate of interest

4)      Mr. Khan has a cumulative time deposit accont in Union Bank of India. He deposits₹250 per month for a period of 4 years. If at the time of maturity she gets ₹14205, find the rate of interest.

5)      Geetha has a recurring deposit account in a post office for 5 years at 7.5% p.a. simple interest . If she gets ₹1,42,875 as interest at the time of maturity, find

i)                    The monthly instalment

ii)                  The amount of maturity

6)      Mr. Rakesh deposits a certain sum of money each month in a Recurring Deposit account of a bank. If the rate of interest is 8% per annum and he gets ₹8088 from the bank after 3 years, find the value of his monthly instalment.

7)      Deepa has a recurring deposit account of ₹200 per month at 11% per annum. If she gets ₹1221 as interest at the time of maturity, find the total time for which the account was held.

8)      Sonal has a cumulative bank account of ₹600 per month at 10% per annum. If she gets ₹5880 as interest at the time of maturity, find the total time.

9)      Ameer opened a recurring deposit account in a bank and deposited ₹800 per month for    1 ½ years. If he received ₹15,084 at the time of maturity, find the rate of interest per annum.

10)  Mr. Sharma gets ₹6455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly instalment.