ICSE Class X Math 2015 Solved Paper
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Katrina opened a recurring deposit account with a Nationalised Bank for a period of 2 years. If the bank pays interest at the rate of 6 % ₹ 1 , 000
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Question : 14
Total: 52
matured value.
Solution:
Total money deposit in 24 months
= ₹ 1 , 000 × 24
= ₹ 24 , 000
Matured value
= Total sum deposit + interest
= ₹ 24 , 000 + ₹ 1 , 500
= ₹ 25 , 500 .
Matured value
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