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Vidaara.orgClass 10 · Mathematics
CodeVID-M10-17-BNK-01
Banking Transactions — Assignment
Chapter: Banking
Topic: Banking Transactions
Maximum Marks: 35
Time: 75 minutes
Name: ____________________ Roll No.: __________ Date: ____________

General Instructions

  • All questions are compulsory.
  • Section A carries 1 mark each, Section B 2 marks, Section C 3 marks and Section D 5 marks.
  • Show all working for Sections B, C and D. Only final answers are given at the end — for full solutions, raise your doubts with your teacher.
Section A — Multiple Choice Questions 5 × 1 = 5 marks
1.
Simple interest $=$
  • A.$\dfrac{PRT}{100}$
  • B.$P+RT$
  • C.$\dfrac{P}{RT}$
  • D.$PRT$
2.
A recurring deposit is made:
  • A.once
  • B.every month
  • C.every year
  • D.randomly
3.
Maturity value $=$
  • A.deposit $-$ interest
  • B.deposit $+$ interest
  • C.interest only
  • D.principal only
4.
Banks pay ___ on deposits.
  • A.fees
  • B.interest
  • C.tax
  • D.fines
5.
In a recurring deposit, the amount deposited each month is the:
  • A.maturity value
  • B.monthly installment
  • C.interest
  • D.principal sum
Section B — Short Answer (2 marks) 4 × 2 = 8 marks
6.
Find the simple interest on $\textsf{Rs }1000$ at $10\%$ for $2$ years.
7.
If the monthly deposit is $\textsf{Rs }500$ for $12$ months, find the total deposited.
8.
State the simple-interest formula.
9.
What is the maturity value?
Section C — Short Answer (3 marks) 4 × 3 = 12 marks
10.
Find the simple interest on $\textsf{Rs }2000$ at $8\%$ p.a. for $3$ years.
11.
A man deposits $\textsf{Rs }300$ per month for $2$ years. Find the total deposited.
12.
Find the amount on $\textsf{Rs }5000$ at $6\%$ for $2$ years (simple interest).
13.
If $\textsf{Rs }600$ interest is earned on $\textsf{Rs }4000$ at $5\%$, find the time.
Section D — Long Answer (5 marks) 2 × 5 = 10 marks
14.
A person deposits $\textsf{Rs }1000$ per month in an RD for $1$ year. Find the total deposited and the maturity value if the interest is $\textsf{Rs }325$.
15.
Find the simple interest and amount on $\textsf{Rs }8000$ at $7.5\%$ per annum for $4$ years.

Answer Key

Section A — Multiple Choice Questions
  1. (A) $\dfrac{PRT}{100}$
  2. (B) every month
  3. (B) deposit $+$ interest
  4. (B) interest
  5. (B) monthly installment
Section B — Short Answer (2 marks)
  1. $\textsf{Rs }200$.
  2. $\textsf{Rs }6000$.
  3. $\tfrac{PRT}{100}$.
  4. Total deposit $+$ interest.
Section C — Short Answer (3 marks)
  1. $\textsf{Rs }480$.
  2. $\textsf{Rs }7200$.
  3. $\textsf{Rs }5600$.
  4. $3$ years.
Section D — Long Answer (5 marks)
  1. Deposit $\textsf{Rs }12000$; maturity value $\textsf{Rs }12325$.
  2. SI $\textsf{Rs }2400$; amount $\textsf{Rs }10400$.
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