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ICSE Question Bank

Banking (Recurring Deposit Account)

Appeared in 10 of the 11 available papers.

Examined in
10 of 11 papers

Appears almost every year — treat as core

Typically worth
6.5 marks

Average per paper it appears in · 65 marks in total

Usual form
Numerical

69% of this chapter's 32 questions

Needs a diagram
9%

3 questions carry a figure — practise drawing them

Question-type distribution

  • Numerical22
  • MCQ8
  • Proof1
  • Short answer1

Most frequent topics

Recurring deposit / interest 30Banking / interest 2
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Showing 25 of 32 matching questions (65 marks).

25 questions

1

Choose the correct answers to the questions from the given options. (Do not copy the questions, write the correct answers only.)

8(i)

Rohit and Vinay both opened a recurring deposit account in a bank for 2 years at 8%, simple interest. Vinay deposited ₹300 per month. On maturity, Rohit's interest was ₹800 more than Vinay's interest. Find the:

1

Choose the correct answers to the questions from the given options. (Do not copy the questions, write the correct answers only.)

2(ii)

Mrs. Rao deposited ₹ 250 per month in a recurring deposit account for a period of 3 years. She received ₹ 10,110 at the time of maturity. Find:

1

Choose the correct answers to the questions from the given options. (Do not copy the questions, write the correct answers only.)

2(ii)

Salman deposits 1000 every month in a recurring deposit account for 2 years. If he receives 26000 on maturity, find:

Select the correct option for each of the following questions.

25

Joseph has a recurring deposit account in a bank for two years at the rate of 8%per annum simple interest.

7(a)

A page from a savings bank account passbook is given below:

Figure for this question
11(c)

Mr. Richard has a recurring deposit account in a bank for 3 years at 7.5% p. a. simple interest. If he gets Rs. 8325 as interest at the time of maturity, find