Question

MATHEMATICS PROJECT ON BANKING TOPIC:SURVEY OF VARIOUS BANK ACCOUNTS,RATE OF INTEREST OFFERED CONTENTS: 1. TYPES OF ACCOUNTS 2.CALCULATION OF INTEREST 3.RATE OF INTEREST GIVEN BYTHREE DIFFERENT BANKS(ONE NATIONALISED AND ONE PRIVATE) TYPES OF ACCOUNTS 1.FIXED OR TERM DEPOSIT 2.SAVINGS BANK 3.CURRENT ACCOUNT 3.RECURRING DEPOSIT 4.FLEXIBLE write a short note about a bank account ATM collect rate of interest from three different banks and form a table then write an interest -Shreyas

Answer 1

Have a look at types of accounts:
- Fixed account
- Current account
- Flexible
- Recurring Deposit

Calculation of Interest:

A = P (1 + rt)

Where P is the principal amount of money to be invested at rate of interest R % per period.

T is the time period

r is in decimal form i-e R/100

Answer 2

Answer:

PROJECT FOR *MATHEMATICS*

TOPIC- SURVEY OF VARIOUS TYPES OF BANK ACCOUNTS, RATES OF INTEREST OFFERED

1.Introduction

2.Types of Bank Accounts(saving bank account,current deposit account, recurring deposit account, fixed deposit account, flexible account)

3.ATM

4.Calculation of interest on RD

5.one example with solution to find the interest by using the formula of RD and maturity amount

6.Conclusion