Daily Practice Problems
ICSE 10 Maths
Banking (Recurring Deposit Accounts)
daily practice problem

Question 1:

Naveen deposits ₹ 800 every month in a recurring deposit account for 6 months. If he receives ₹ 4884 at the time of maturity, then find the amount of  interest he earns. [Level: Easy]

 

Question 2:

Ritu has a Recurring Deposit Account in a bank and deposits ₹ 80 per month for 18 months. Find the rate of interest paid by the bank if the maturity value of this account is ₹ 1,554. [Level: Moderate]

 

Question 3:

Seep has a 4 year recurring deposit account in a bank and deposit ₹ 1,800 per month. If she gets ₹ 1,08,450 at the time of maturity, find the rate of interest. [Level: Moderate]

 

Question 4:

Pramod deposits ₹ 600 per month in a Recurring Deposit Account for 4 years. If the rate of interest is 8% per year. Calculate the maturity value of his account. [Level: Moderate]

 

Question 5:

Sonia had a recurring deposit account in a bank and deposited ₹600 per month

for 2½ years. If the rate of interest was 10% p.a., find the maturity value of this account. [Level: Difficult]

 

Question 6:

Salman deposits ₹ 1000 every month in a recurring deposit account for 2 years.

If he receives ₹ 26000 on maturity, find the total interest Salman earns. [Level: Easy]

 

Question 7:

The maturity value of a cumulative deposit account is ₹ 31,800 in 2 years. If the rate of interest is 10% per annum, find the monthly installment of this deposit. [Level: Moderate]

 

Question 8:

Sheela has recurring deposit account in a bank of ₹ 2,000 per month at the rate of 10% per annum. If she gets ₹ 83,100 at the time of maturity, find the total time (in years) for which the account was held. [Level: Difficult]

 

Question 9:

Mr. Bajaj needs ₹ 30,000 after 2 years. What least money (in multiple of ₹ 5) must be deposited every month in a recurring deposit account to get required money after 2 years, the rate of interest being 8% p.a. [Level: Difficult]

 

Question 10:

Salman deposits ₹ 1000 every month in a recurring deposit account for 2 years.

If he receives ₹ 26000 on maturity, find the rate of interest. [Level: Moderate]

 

Question 11:

Dipak deposited ₹500 per month for 2 years. If the rate of interest was 10% p.a., find the maturity value of this account. [Level: Difficult]

 

Question 12:

Reeta deposits ₹ 800 per month for 24 months. Find the rate of interest paid by the bank if the maturity value of this account is ₹ 20,800. [Level: Moderate]

 

Question 13:

Sonali deposits ₹ 1,500 per month in a Recurring Deposit Account for 12 months. If the rate of interest is 10% per year. Calculate the maturity value of his account. [Level: Moderate]

 

Question 14:

Mohan has recurring deposit account in a bank of ₹ 800 per month at the rate of 8% per annum. If she gets ₹ 20,800 at the time of maturity, find the total time (in years) for which the account was held. [Level: Difficult]

 

Question 15:

Naveen deposits ₹ 1,000 every month in a recurring deposit account for 18 months. If he receives ₹ 19,425 at the time of maturity, then find the amount of interest he earns. [Level: Easy]

 

Question 16:

Manoj deposits ₹ 500 per month in a Recurring Deposit Account for 12 months. If the rate of interest is 12% per year. Calculate the maturity value of his account. [Level: Moderate]

 

Question 17:

Shivani deposits ₹ 1,500 every month in a recurring deposit account for 6 months. If she receives ₹ 9315 at the time of maturity, then find the amount of  interest she earns. [Level: Easy]

 

Question 18:

Ankit deposits ₹ 800 per month in a Recurring Deposit Account for 18 months. If the rate of interest is 8% per year. Calculate the maturity value of his account. [Level: Moderate]

 

Question 19:

Naveen deposits ₹ 500 every month in a recurring deposit account for 12 months. If he receives ₹ 6,325 at the time of maturity, then find the amount of  interest he earns. [Level: Easy]

 

Question 20:

Aman has a Recurring Deposit Account where he deposits ₹ 1,000 per month for 3 years. If the rate of interest is 8% per year. Calculate the maturity value of his account. [Level: Moderate]

**********

Problem-solving on ICSE 10 Maths Banking (Recurring Deposit Accounts) NCERT Chapter 2 after learning a theoretical concept is crucial for several reasons:

  1. Application of Knowledge: Problem-solving allows you to apply the theoretical concepts of the topic ICSE 10 Maths Banking (Recurring Deposit Accounts) you have learned to real-life situations. It helps you bridge the gap between abstract knowledge and practical scenarios, making the learning more relevant and meaningful.
  2. Understanding Deeper Concepts: When you encounter problems related to a theoretical concept that you learned in ICSE 10 Maths Banking (Recurring Deposit Accounts) NCERT Chapter 2, you are forced to delve deeper into its intricacies. This deeper understanding enhances your comprehension of the subject and strengthens your grasp of the underlying principles.
  3. Critical Thinking: Problem-solving encourages critical thinking and analytical skills. It requires you to analyze the problem, identify relevant information, and devise a logical solution. This process sharpens your mind and improves your ability to approach complex challenges effectively.
  4. Retention and Recall: Actively engaging in problem-solving reinforces your memory and improves long-term retention. Applying the concepts learned in Banking (Recurring Deposit Accounts) ICSE 10 Maths in practical scenarios helps you remember them better than passive reading or memorization.
  5. Identifying Knowledge Gaps: When you attempt to solve problems, you may encounter areas where your understanding is lacking. These knowledge gaps become evident during problem-solving, and you can then focus on filling those gaps through further study and practice. You can refer Banking (Recurring Deposit Accounts) ICSE 10 Maths Notes on LearnoHub.com
  6. Boosting Confidence: Successfully solving problems after learning a theoretical concept boosts your confidence in your abilities to handle Banking (Recurring Deposit Accounts). This confidence motivates you to tackle more challenging tasks and improves your overall performance in the subject.
  7. Preparation for Exams and Challenges: Many exams, especially in science, mathematics, and engineering, involve problem-solving tasks. Regular practice in problem-solving prepares you to face these exams with confidence and perform well. It is also advised to take tests on Banking (Recurring Deposit Accounts) ICSE 10 Maths Online Tests at LearnoHub.com.
  8. Enhancing Creativity: Problem-solving often requires thinking outside the box and exploring various approaches. This fosters creativity and innovation, enabling you to come up with novel solutions to different problems.
  9. Life Skills Development: Problem-solving is a valuable life skill that extends beyond academics. It equips you with the ability to tackle various challenges you may encounter in personal and professional life.
  10. Improving Decision Making: Problem-solving involves making decisions based on available information and logical reasoning. Practicing problem-solving enhances your decision-making skills, making you more effective in making informed choices.

In summary, problem-solving after learning a theoretical concept on CBSE Banking (Recurring Deposit Accounts) ICSE 10 Maths is an essential part of the learning process. It enhances your understanding, critical thinking abilities, and retention of knowledge. Moreover, it equips you with valuable skills that are applicable in academic, personal, and professional contexts.

You must have heard of the phrase “Practice makes a man perfect”. Well, not just a man, practice indeed enhances perfection of every individual.

Practicing questions plays a pivotal role in achieving excellence in exams. Just as the adage goes, "Practice makes perfect," dedicating time to solve a diverse range of exam-related questions yields manifold benefits. Firstly, practicing questions allows students to familiarize themselves with the exam format and types of problems they might encounter. This familiarity instills confidence, reducing anxiety and improving performance on the actual exam day. Secondly, continuous practice sharpens problem-solving skills and enhances critical thinking, enabling students to approach complex problems with clarity and efficiency. Thirdly, it aids in identifying weak areas, allowing students to focus their efforts on improving specific topics. Moreover, practice aids in memory retention, as active engagement with the material reinforces learning. Regular practice also hones time management skills, ensuring that students can allocate appropriate time to each question during the exam. Overall, practicing questions not only boosts exam performance but also instills a deeper understanding of the subject matter, fostering a holistic and effective learning experience.

All About Daily Practice Problems on ICSE 10 Maths Banking (Recurring Deposit Accounts) NCERT Chapter 2

Our Daily Practice Problems (DPPs) offer a diverse range of question types, including Multiple Choice Questions (MCQs) as well as short and long answer types. These questions are categorized into Easy, Moderate, and Difficult levels, allowing students to gradually progress and challenge themselves accordingly. Additionally, comprehensive solutions are provided for each question, available for download in PDF format - Download pdf solutions as well as Download pdf Questions. This approach fosters a holistic learning experience, catering to different learning styles, promoting self-assessment, and improving problem-solving skills. With our well-structured DPPs, students can excel in exams while gaining a deeper understanding of the subject matter. Hope you found the content on ICSE 10 Maths Banking (Recurring Deposit Accounts) NCERT Chapter 2 useful.

Last but not least, to get the best hold on ICSE 10 Maths Banking (Recurring Deposit Accounts) NCERT Chapter 2, do not forget to check out:

  • Banking (Recurring Deposit Accounts) ICSE 10 Maths Best videos
  • Banking (Recurring Deposit Accounts) ICSE 10 Maths NCERT Solutions
  • ICSE 10 Maths Banking (Recurring Deposit Accounts) Revision notes
  • Banking (Recurring Deposit Accounts) ICSE 10 Maths DPPs, Download PDF of solutions
  • ICSE 10 Maths Banking (Recurring Deposit Accounts) Online Tests
  • ICSE 10 Maths Sample papers

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