Banking and taxation - class-X
| Description: banking and taxation | |
| Number of Questions: 18 | |
| Created by: Akash Patil | |
| Tags: banking banking and taxation maths |
Which type of bank account is operated by businessman?
Lump sum amount is deposited at one time for a specific period is called
In which account interest is calculated half yearly on the minimum balance between $11^{th}$ and the last day of the month?
You have Rs. 1500 in your savings account at the beginning of the month.the record below shows all of your transactions during the month.How much money is in your account after these transactions?
| Date | Withdrawal | Deposit |
|---|---|---|
| 4/9/14 | Rs 1200 | Rs 2000 |
| 22/9/14 | Rs. 2100 | Rs.2500 |
The rates of simple interest in two banks A and B are in the ratio 5 : 4. A person wants to deposit his total savings in two tanks in such a way that he received equal half yearly interest form both. He should deposit the savings in banks A and B in the ratio of
| Date | Particular | Withdrawals (In Rs.) | Deposits (In Rs.) | Balance (In Rs.) |
|---|---|---|---|---|
| April $1$ | By Balance | $4,600.00$ | ||
| April $7$ | By Cash | $1,200.00$ | $5,800.00$ | |
| April $24$ | To Cheque | $800.00$ | $5,000.00$ | |
| May $16$ | By Cheque | $2,000.00$ | $7,000.00$ | |
| May $29$ | To Cash | $1,500.00$ | $5,500.00$ |
Mrs. Kapoor opened a bank account on 01/01/2010 with Rs. 24,000. If the bank pays 10% per annum and she deposited Rs. 4,000 at the end of each year, find the amount in her account on 01/01/2012.
| Date | Particulars | Withdrawals(In Rs.) | Deposits(In Rs.) | Balance(In Rs.) |
|---|---|---|---|---|
| $01.01.03$ | B/F | $14,000.00$ | ||
| $01.02.03$ | By Cash | $11,500.00$ | $25,500.00$ | |
| $12.02.03$ | To Cheque | $5,000$ | $20,500.00$ | |
| $05.04.03$ | By Cash | $3,7500.00$ | $24,500.00$ | |
| $15.04.03$ | To Cheque | $4,250.00$ | $20,000.00$ | |
| $09.05.03$ | By Cash | $1,500$ | $21,500.00$ | |
| $04.06.03$ | By Cash | $1,500$ | $23,000.00$ |
In your saving bank account Rs. $1200$ for $3$ days at $2\%$ per annum is deposited. Calculate the interest.
In your saving bank account Rs. $100,000$ for $2$ days at $2\%$ per annum is deposited. Calculate the interest.
| Date | Particulars | Withdrwals (Rs.) | Deposits(Rs.) |
|---|---|---|---|
| $2.1.10$ | By Cash | $250.00$ | |
| $9.1.10$ | By Cheque | $825.00$ | |
| $13.3.10$ | To Cash | $325.00$ | |
| $24.7.10$ | By Cash | $1,237.00$ | |
| $6.10.10$ | To Cheque | $250.00$ | |
| $22.12.10$ | By Cheque | $958.00$ |
| Date | Particulars | Debit (Rs.) | Credit (Rs.) | Balance (Rs.) |
|---|---|---|---|---|
| Jan. $13$ | By Cash | $5,000.00$ | $5,000.00$ | |
| Feb. $13$ | To self | $500.00$ | ||
| March $24$ | By Cheque | $2,000.00$ | ||
| March $31$ | By Interest | |||
| May $20$ | By Cash | $800.00$ | ||
| July $7$ | To Cheque | $1,400.00$ | ||
| July $18$ | By Cash | $1,600.00$ | ||
| Sept. $15$ | To Cheque | $3,200.00$ | ||
| Sept. $26$ | By Cheque | $2,350.00$ |
How much interest will you earn if your saving bank account has Rs. $10,000,000$ for $20$ days at $3\%$ per annum is deposited.
Mark invests Rs. $6500$ in a savings account his annual interest rate is $7\%$ compounded annually. What is the approximate balance of his savings account after $2\dfrac{1}{2}$?
How much interest will you earn if your saving bank account has Rs. $30,000,000$ for $30$ days at $12\%$ per annum is deposited.
If you have a bank account whose principal is Rs. $5000$, and your bank compounds the interest twice a year at an interest rate of $12\%,$ how much money do you have in your account at the year's end?
Mari deposited Rs. $20000$ in a savings bank account. She would be paid interest at $12\%$ per annum compounded annually. Find the interest to her credit at the end of second year.
What will a deposit of Rs. $4,500$ at $10\%$ in a savings account compounded yearly interest be worth if left in the bank for $9$ years?