(ii) Banking
Recurring Deposit Accounts: computation of interest and maturity value using the formula:
I = P × [ n(n+1) / (2 × 12) ] × (r / 100)
MV = P × n + I
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Commercial Mathematics
Banking (Recurring Deposit Accounts)
Official ICSE Class 10 syllabus — session 2026-2027.
Source: CISCE ICSE Class 10 Syllabus 2026-2027