ICSE Class 10

General instructions: Answer all questions. Marks are shown in brackets [ ].

Objective

1. 1.
   Given below are the entries of the pass book of the Savings Bank Account of Mr. Ved Prakash in Bank of India:

   Date	Particulars	Amount Withdrawal Rs. P	Amount Deposited Rs. P	Balance Rs. P
   Feb., 12, 2005	By Cash	—	1000·00	1000·00
   Feb., 21	By Cash	—	3200·00	4200·00
   March, 6	By Salary	—	8270·00	12470·00
   March, 14	To Cheque	3500·00	—	8970·00
   March, 22	To Cheque	1700·00	—	7270·00
   April, 3	By Salary	—	8270·00	15540·00

   If he closes his account on 24th April 2005, what is the interest earned at 4% per annum?

   1. A. Rs. 24.23
   2. B. Rs. 12.12
   3. C. Rs. 48.46
   4. D. Rs. 72.70
   [1]
2. 2.
   The maturity value of a Recurring Deposit (R.D.) Account is ₹ 16,176. If the monthly instalment is ₹ 400 and the rate of interest is 8%, find the time (period) of this R.D. Account.

   1. A. 24 months
   2. B. 36 months
   3. C. 48 months
   4. D. 60 months
   [1]
3. 3.
   Mr. Britto deposits a certain sum of money each month in a Recurring Deposit Account of a bank. If the rate of interest is 8% per annum and Mr. Britto gets ₹ 8,088 from the bank after 3 years, find the value of his monthly instalment.

   1. A. ₹ 180
   2. B. ₹ 200
   3. C. ₹ 220
   4. D. ₹ 250
   [1]
4. 4.
   Kiran deposited ₹ 200 per month for 36 months in a bank's recurring deposit account. If the bank pays interest at the rate of 11% per annum, what is the amount she gets on maturity?

   1. A. ₹ 7,200
   2. B. ₹ 8,221
   3. C. ₹ 8,421
   4. D. ₹ 9,642
   [1]
5. 5.
   A recurring deposit account of ₹ 600 per month has a maturity value of ₹ 24,930. If the rate of interest is 10% per annum and the interest is calculated at the end of every month, find the time (in months) for which the account was held.

   1. A. 24 months
   2. B. 36 months
   3. C. 48 months
   4. D. 60 months
   [1]
6. 6.
   Mr. Mishra has a Savings Bank Account in Allahabad Bank. His pass book entries are as follows:

   Date	Particulars	Withdrawals (in Rs.)	Deposits (in Rs.)	Balance (in Rs.)
   Jan. 4, 2007	By Cash	...	1000.00	1000.00
   Jan. 11, 2007	By Cheque	...	3000.00	4000.00
   Feb. 3, 2007	By Cash	...	2500.00	6500.00
   Feb. 7, 2007	To Cheque	2000.00	...	4500.00
   Mar. 3, 2007	By Cash	...	5000.00	9500.00
   May 25, 2007	By Cash	...	2000.00	11500.00
   June 7, 2007	By Cash	...	3500.00	15000.00
   Aug. 29, 2007	To Cheque	1000.00	...	14000.00

   The rate of interest paid by the bank is 4.5% per annum. Mr. Mishra closes his account on 30th October, 2007. How much interest, in rupees, does he receive?

   1. A. Rs. 276
   2. B. Rs. 345
   3. C. Rs. 414
   4. D. Rs. 522
   [1]
7. 7.
   Mohit opened a recurring deposit account in a bank for 2 years. He deposit ₹1,000 every month and receives 25,500 on maturity. The interest he earned in 2 years is:

   1. A. ₹13,500
   2. B. ₹3,000
   3. C. ₹24,000
   4. D. ₹1,500
   [1]
8. 8.
   Lokesh deposits ₹800 per month in a cumulative deposit account for six years. What is the amount payable to him on maturity, if the rate of interest is 6% per annum.

   1. A. ₹6,1185
   2. B. ₹6,8182
   3. C. ₹6,8112
   4. D. ₹6,8185
   [1]
9. 9.
   Eesha deposited ₹200 per month in a R.D. account of Canara Bank for 3 years. If the bank pays an interest of 11% per annum, then the matured value of this account is ___________.

   1. A. ₹ 8,421
   2. B. ₹8,124
   3. C. ₹8,412
   4. D. ₹8,214
   [1]
10. 10.
    Jagdish invests Rs. 600 per month for $2\frac{1}{2}$ years in a Recurring Deposit Scheme of Corporation Bank. If the bank pays interest at $6\frac{2}{3}\%$ per annum, find the amount received by him on maturity.

    1. A. Rs. 18000
    2. B. Rs. 19550
    3. C. Rs. 21000
    4. D. Rs. 17500
    [1]
11. 11.
    Rahul deposited ₹500 per month in a recurring deposit account for 5 years at 6% per annum. What amount will he receive on maturity?

    1. A. ₹30,000
    2. B. ₹34,575
    3. C. ₹36,000
    4. D. ₹38,500
    [1]
12. 12.
    Naresh deposited ₹400 per month for 15 months in Federal bank's recurring deposit account. If the bank pays interest at a rate of 10% per annum, then the interest earned by Naresh during this period is:

    1. A. ₹350
    2. B. ₹250
    3. C. ₹400
    4. D. ₹300
    [1]
13. 13.
    Shahrukh opened a Recurring Deposit Account in a bank and deposited ₹ 800 per month for $1\frac{1}{2}$ years. If he received ₹ 15,084 at the time of maturity, find the rate of interest per annum.

    1. A. 5% per annum
    2. B. 6% per annum
    3. C. 7% per annum
    4. D. 4.5% per annum
    [1]
14. 14.
    Raghav deposited ₹400 per month in a recurring deposit account for 18 months. If the rate of interest is 9% per annum, then the interest earned by him during this period is:

    1. A. ₹3,856.50
    2. B. ₹3,343.50
    3. C. ₹330
    4. D. ₹256.50
    [1]
15. 15.
    Solani deposited ₹150 per month in her bank for eight months under the recurring deposit scheme. What will be the maturity value of her deposit if the rate of interest is 8% per annum and the interest is calculated at the end of every month?

    1. A. ₹1200
    2. B. ₹1236
    3. C. ₹1250
    4. D. ₹1300
    [1]
16. 16.
    Ashish deposits Rs. 250 per month for 9 months in a Cumulative Time Deposit Scheme. If the rate of interest be 8% per annum, what is the amount received at the time of maturity?

    1. A. Rs. 2250
    2. B. Rs. 2325
    3. C. Rs. 2400
    4. D. Rs. 2575
    [1]
17. 17.
    Mohan deposits ₹80 per month in a cumulative deposit account for six years. What is the amount payable to him on maturity if the rate of interest is 6% per annum?

    1. A. ₹6000
    2. B. ₹6500
    3. C. ₹6816
    4. D. ₹7000
    [1]
18. 18.
    David opened a Recurring Deposit Account in a Indusind bank and deposited ₹300 per month for two years. If he received ₹7,725 at the time of maturity, then the rate of interest per annum is:

    1. A. 8%
    2. B. 7.5%
    3. C. 7%
    4. D. 8.4%
    [1]
19. 19.
    Beena has a cumulative deposit account of ₹400 per month at 10% per annum simple interest. If she gets ₹30,100 at the time of maturity, what is the total time for which the account was held?

    1. A. 36 months
    2. B. 48 months
    3. C. 60 months
    4. D. 72 months
    [1]
20. 20.
    Reeta wants to receive ₹48528 after 36 months in a recurring deposit account with an 8% per annum interest rate. What monthly installment should she deposit?

    1. A. ₹1000
    2. B. ₹1200
    3. C. ₹1250
    4. D. ₹1300
    [1]