REVISION - X (26/27)

BANKING 

Sap-1

1) Amit deposited Rs 150 per month in a bank for 8 months under the recurring deposits. If the rate of interest is 8% p.a. and intrest is calculated at end of every month?       

2) Laxmi took a cumulative time deposit account of Rs 240 per month at 10% p.a. she received Rs 3840 on maturity. Find the period for this account. 

3) Manoj opened Recurring Deposit Account in a bank and deposited Rs 500 per month for 3 years. The bank on Rs 20220 on maturity. Find the rate of interest paid by the bank.     

4) Raju opened a Recurring Deposit Account with the Bank of Rajasthan and deposits Rs 600 per month for 20 months. Calculate the maturity value of this account, if the bank pays interest at the rate of 10% per annum.   

5) Miss Anshu Gupta deposited Rs 350 per month for 20 months under Recurring Deposit Scheme. Find the total amount payable by the bank on maturity of the account if the rate of interest is 11% per annum.     

6) Mrs. Mathew opened Recurring Deposit Account in a bank with Rs 500 per month for 5/2 years. Find the amount she will get on the maturity. If the interest is paid on monthly balance at 12.5% per annum .      

7) Calculate the amount received on maturity of a recurring deposit of Rs 150 per month for 1 year 6 months. if the rate of interest is 11% per annum .     

8) Amar deposits Rs 1600 per month in a Recurring Deposit for 3 years at the rate of 9% p.a  simple interest. Find the amount Amar will get at the time of maturity.    

9) A Recurring Deposit Account of Rs 1200 per month has a maturity value of Rs 12440. If the rate of interest is 8% and the interest is calculated at the end of every month, find the time (in  months) of this Recurring Deposit Account .     

10) Sujata deposited , a certain sum of money, every months, for 5/2 years in a cumulative Time Deposit Account. At the time of maturity she collected Rs 4965. if the rate of interest was 8% p.a., find the monthly deposit.