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ICSE Class 10  >  Class 10 Notes  >  Mathematics   >  Worksheet: Banking

Worksheet: Banking

A. Very Short Answer Questions

Q1. A person deposits ₹300 per month in an RD account for 12 months at 10% p.a. Find the total sum deposited.

Q2. Find the interest earned on ₹100 deposited every month for 12 months at 12% p.a.

Q3. A person deposits ₹200 per month for 6 months in an RD account at 6% p.a. Find maturity value.

Q4. If a person deposits ₹500 monthly for 24 months, what is the total amount deposited?

Q5. Find maturity value when P = ₹50, n = 12 months, r = 12% p.a.

B. Short Answer Type Questions

Q6. Find the maturity value of an RD account in which ₹250 is deposited monthly for 36 months at 8% p.a.

Q7. A student deposits ₹150 per month for 2 years in an RD account at 10% p.a. Find interest and maturity value.

Q8. A man deposited ₹500 per month in an RD account for 3 years at 9% p.a. Find the maturity value.

Q9. Sita deposited ₹200 per month for 30 months in an RD account at 12% p.a. Find interest earned.

Q10. The maturity value of an RD account is ₹8,421 when ₹200 is deposited every month for 36 months. Find the interest earned.

C. Long Answer Type Questions 

Q11. Ramesh deposits ₹400 every month for 5 years in an RD account at 9% p.a. Find maturity value.

Q12. A man deposited ₹1,000 per month for 3 years in an RD account and received ₹40,410 at maturity. Find the interest earned and the rate of interest (to two decimal places).

Q13. The maturity value of an RD account is ₹24,930 when ₹600 is deposited monthly at 10% p.a. Find the time period (in months and years)..

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FAQs on Worksheet: Banking

1. What are the main functions of a bank?
Ans. The main functions of a bank include accepting deposits, providing loans, facilitating money transfers, offering financial advice, and managing financial transactions. Banks play a crucial role in the economy by helping individuals and businesses manage their finances effectively.
2. What is the difference between saving and current accounts?
Ans. A saving account is designed for individuals to save money and earn interest on their deposits. It typically has a limit on the number of withdrawals. On the other hand, a current account is meant for businesses and individuals who require frequent transactions. It usually does not earn interest but allows unlimited withdrawals and deposits.
3. How do banks determine interest rates for loans?
Ans. Banks determine interest rates for loans based on several factors, including the central bank's policy rates, the borrower's creditworthiness, the loan amount, the duration of the loan, and prevailing market conditions. A higher credit score often results in lower interest rates.
4. What is the role of the Reserve Bank in the banking system?
Ans. The Reserve Bank acts as the central bank and regulates the banking system. Its roles include formulating monetary policy, controlling inflation, managing the currency, supervising banks, and ensuring financial stability in the economy.
5. What precautions should one take when using online banking?
Ans. When using online banking, it is essential to follow precautions such as using strong and unique passwords, enabling two-factor authentication, regularly monitoring account statements, avoiding public Wi-Fi for transactions, and keeping software and devices updated to protect against cyber threats.
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Apr 19, 2026 Last updated
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Document Description: Worksheet: Banking for Class 10 2026 is part of Mathematics Class 10 ICSE preparation. The notes and questions for Worksheet: Banking have been prepared according to the Class 10 exam syllabus. Information about Worksheet: Banking covers topics like and Worksheet: Banking Example, for Class 10 2026 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Worksheet: Banking.
Introduction of Worksheet: Banking in English is available as part of our Mathematics Class 10 ICSE for Class 10 & Worksheet: Banking in Hindi for Mathematics Class 10 ICSE course. Download more important topics related with notes, lectures and mock test series for Class 10 Exam by signing up for free. Class 10: Worksheet: Banking
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