# FRANK Solutions for Class 10 Maths Chapter 3 - Banking

## Chapter 3 - Banking Exercise Ex. 3.1

^{rd}April 2007 with a cash deposit of Rs 5,000/-. Subsequently, he deposited Rs 16,500/- by cheque on 11

^{th}April 2007, withdraw Rs 4,000/- on 10

^{th}May, paid Rs 3,500 for insurance by cheque on 7

^{th}July 2007, deposited Rs. 6,000/- in cash on 9

^{th}August 2007 and withdrew Rs 1,500/- on 12

^{th}Oct 2007.

(a) Make the entries in his passbook

(b) If he closed the account on 14

^{th}December and if the rate of simple interest is 4% pa, then find the amount he received on closing the account.

(a). Make the entries in her passbook

(b). If the rate of simple interest was 5% pa compounded at the end of March and September, find her balance on 1.04.2008

Given below is a page from the passbook of a saving bank account that Mr. Sharma has with SBI. If the bank gives interest at 6%pa, find

(a) The principal amount in January, February and March which will be considered for interest for interest calculation.

(b) The interest she gets at the end of March.

## Chapter 3 - Banking Exercise Ex. 3.2

(a) Find the maturity value of deposit.

(b) Find the total interest she will earn after 2 years

(a) Find the total interest she will earn at the end of the period.

(b) Find the maturity value of her deposits.

(a) Find the rate of simple interest per annum.

(b) Find the total interest earned by Mr. Patel.

(a) Find the monthly instalment amount.

(b) Find the maturity amount.

(a) Find the monthly deposit.

(b) Find the total interest receivable after maturity.

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