Banking MCQs ICSE Class 10 Maths ML Aggarwal Solutions Ch-2. Step by step solutions of Banking MCQs questions of Banking. Method applying during solutions of this chapter as given in council prescribed textbook for ICSE curriculum. although you can solve applying other method also. Visit official Website CISCE for detail information about ICSE Board Class-10 Mathematics.

## Banking MCQs ICSE Class 10 Maths ML Aggarwal Solutions

Board | ICSE |

Class | 10 |

Subject | Mathematics |

Book | ML Aggarwal |

Chapter-2 | Banking |

Topics | Solution of MCQs Questions |

Edition | 2024-2025 |

### Solution of MCQs Questions

Banking ICSE Class 10 Maths ML Aggarwal Solutions Ch-2

**Que-1:**

**Sol: **Sharukh Monthly deposit = Rs800

Period (n) = 1 and 1/2 years = 18 months

= 18 months

.’. Total money deposit

= Rs800 x 18

= Rs14400.

So Option (b) is correct

**Que-2:**

**Sol: **Mrs Asha Mehta Deposit per month (P) = Rs 250

Period (n) = 1 year = 12 months

Rate (r) = 8% p.a.

∴ Interest = I = P × [n (n + 1) x r ] / (2 × 12 x 100 )

(250 x 12 x 13 x 8) / (2 x 12 x100)

=130 Rs

So Option (c) is correct

**Que-3:**

**Sol: **Mr Sharma Deposit (P) = Rs 500 per month

Period (n) = 2 years = 24 months

Rate (r) = 7% p.a.

∴ Interest = ∴ Interest = I = P × [n (n + 1) x r ] / (2 × 12 x 100 )

(500 x 24 x 25 x 7) / (2 x 12 x100)

= ₹875

∴ Maturity value

= P x 24 + Interest

= ₹500 x 24 + 875

= ₹12000 x 875

= ₹12875

So Option (d) is correct

— : End of Banking MCQs ICSE Class 10 Maths ML Aggarwal Solutions Ch-2 questions :–

Return to :- ML Aggarwal Solutions for ICSE Class-10

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