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Banking (Recurring Deposit Account) Solutions for ICSE Board Class 10 Mathematics

Last updated date: 19th Jun 2024
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Banking (Recurring Deposit Account) Solutions for ICSE Board Class 10 Mathematics (Concise - Selina Publishers)

Vedantu provides students Solutions for all chapters of Class 10 Mathematics for the ICSE board. These solutions are compiled by experts and arranged chapter-wise and page-wise for the ease of students. Free download of step-by-step solutions for Class 10 Mathematics Chapter 2 - Banking (Recurring Deposit Account) of ICSE Board (Concise - Selina Publishers). All exercise questions are solved & explained by an expert teacher and as per ICSE board guidelines.

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Competitive Exams after 12th Science

Chapter 2 Banking (Recurring Deposit Account)

This Chapter in Chapter 2 of Class 10 Mathematics for ICSE focuses on topics like Bank, computation of interest, introduction to banking, etc. Baking is the act of receiving, safeguarding, and lending money by one party to another. This chapter introduces students to a recurring deposit account and also throws light on the computation of its maturity value.

The chapter teaches the students in brief about the process of opening a bank account, and various other banking terms including cheques and their different formats and types. The students are also taught about the savings bank account and its features. The second part of the chapter focuses on deposit accounts and their types that include fixed deposits, recurring deposits, current deposits account, etc. 

Mathematically, the chapter focuses on teaching the students about the calculation of Interest on Recurring deposits using different formulas for the principal for one month, total interest and amount deposited in instalments, etc.


The best way to prepare for the Class 10 ICSE board exam

ICSE, also known as the Indian Council for Secondary Education conducts the annual board exams for Class 10 every year and every year almost more than 2 Lakh students appear for the examination. With this much competition, it becomes extremely important to step up your prep game and strive to do your best in the exam. Here are a few tricks and tips to help you prepare for the Standard 10 ICSE board exam for mathematics:

  • Download and have the syllabus at hand’s reach right from the beginning of the year. This helps students to get an estimate of how many portions they are done with and how much is left to cover. Students can download the Class 10 ICSE Maths syllabus from the Vedantu website.

  • Focus on formulas. The most common mistake students make while preparing for any mathematics exam is to neglect formulas. They either think they can remember the formulas after reading them once or leave them for last-minute preparation. No matter how important it is to understand the concept, formulas are equally essential.

  • Practice sample papers and previous year's question papers to get familiar with the paper pattern. ICSE question paper is made with questions made by the board itself or taken from reference books that 99% of students are unaware of. Therefore, the best way to tackle this situation is to get acquainted with the question format really well.

  • Avoid distractions such as social media and internet browsing unless it is for any educational assistance. It is important to focus solely on studying especially as the exam dates draw near.

FAQs on Banking (Recurring Deposit Account) Solutions for ICSE Board Class 10 Mathematics

1. Where can I download ICSE Class 10 Solutions for Concise Selina Mathematics Chapter 2 Banking?

Students can download Class 10 ICSE board Maths Concise Selina solutions on the Vedantu website or the app. Vedantu solutions are precise and help students to clear their doubts and elaborate their answers in case they are stuck at a question. The solutions for all chapters are available to download for free as PDFs and are therefore available offline, which means students can refer to them anytime and anywhere even without having access to the internet. Mathematics is a hard subject to excel at but Vedantu solutions can help students understand the difficult exercises in a simple manner.

2. What is the syllabus for the Class 10 ICSE Mathematics board exam?

ICSE Mathematics syllabus is extensively prepared for Class 10 following the guidelines issued by the Council for the Indian School Certificate Examinations (CISCE). It is very well structured and contains all the necessary topics that students of Class 10 need to have knowledge about before progressing to the higher classes. The syllabus of Class 10 is divided into two semesters. The final board paper contains the portions of both semesters. Students can find the main section of the ICSE  Class 10  below:

  • Algebra

  • Commercial Mathematics

  • Geometry

  • Trigonometry

  • Probability

  • Coordinate geometry

  • Mensuration

  • Statistics

3. How many exercises are there in Chapter 2 of Selina Concise Textbook for Class 10 ICSE board?

Chapter two of Class 10 ICSE board Mathematics syllabus, Banking, contains two exercises; Exercise 2(A) and Exercise 2(B). Both the exercises contain eleven questions each in the Concise Selina textbook for ICSE board mathematics Class 10. These exercises are meant to give the students a revision of the chapter and make use of all the concepts and formulas taught in the chapter. Students can find solutions for chapter two ‘Banking (Recurring Deposit Account)’ solutions for Concise Selina mathematics on the Vedantu website. 

4. What is the weightage of internal and external examinations in Class 10 ICSE board exams for Mathematics?

The final board exam for Class 10 Mathematics in ICSE board takes place for 80 marks. The syllabus for both semesters is combined in the final paper. Apart from the 80 mark board exam, students of the class are given 20 marks for internal assessment that makes up their 100 marks for the subject. These internal marks are provided from the assessment that students give in the school. The 80 mark board exam is the external examination and is a two and a half hour paper. While the internal assessment carries lesser marks, it is given equal importance while formulating the result and securing the merit list.