# Chapter 3 : Banking - Frank Solutions for Class 10 Maths ICSE

Mathematics is one of the crucial and most scoring subjects in ICSE Class 10. TopperLearning presents study materials for ICSE Class 10 Mathematics which will enable students to score well in the board examination. The syllabus includes certain challenging concepts like Value Added Tax, Ratio and Proportion, Quadric Equations among others which require effective study materials. Our study materials for ICSE Class 10 consist of video lessons, question banks, sample papers, revision notes and past year papers which improve the quality of learning.

## Chapter 3 - Banking Excercise 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 Excercise 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.

## Why to choose our study materials for ICSE Class 10 Mathematics?

- Designed in simple and comprehensive language
- Contain 285 video lessons, 37 revision notes, 3709+ questions in bank, set of 6 sample papers and 9 past year papers
- Prepared by subject experts
- Revised from time to time
- Useful for doing quick revision
- Helpful when doing homework

#### Kindly Sign up for a personalised experience

- Ask Study Doubts
- Sample Papers
- Past Year Papers
- Textbook Solutions

#### Sign Up

#### Verify mobile number

Enter the OTP sent to your number

Change