# Banking MCQs ICSE Class 10 Maths ML Aggarwal Solutions

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 :–