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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