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Mathematics [1 Mark Question Answer]

Banking · ICSE STD 10 (ICSE - English Medium). 2 questions.

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[1 Mark Question Answer]

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Question 11 Mark
Veena deposits Rs.100 per month in a bank cumulative time deposit scheme for a period of 5 years. What amount does she get on maturity if the rate of interest is 16%?
Answer
See the table of RD. scheme. For a monthly installment of Rs. 100 per month the maturity values after 5 years is Rs. 8,447.80.
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Question 21 Mark
Using R.D., table calculate the values of a R.D., account of Rs. 80 for period of 9 months @ 11.5% p. a.
Answer
In the row of 80 we will locate the value under the column of 9 months which is 755.
So, maturity values of RD., account of 80 for 9 months @ 11.5% p.a Rs. 755.00.
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[1 Mark Question Answer] - Mathematics STD 10 Questions - Vidyadip