# FRANK Solutions for Class 10 Maths Chapter 3 - Banking

Learn Maths using Frank Solutions for ICSE Class 10 Mathematics 3 Chapter Banking at TopperLearning. In our Frank Solutions, learn the steps to calculate the maturity value of deposit if someone opens a recurring deposit account in a bank. Get the necessary skills to understand the entries in a bank account passbook by practising Maths textbook problems based on banking.

Revise our textbook solutions such as Frank Solutions and ICSE Class 10 Maths Selina Solutions to revise the important chapter questions. You can even resolve your doubts related to the chapter at our website’s ‘UnDoubt’ section.

## 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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