Question

Maths project on ‘BANKING’ for ICSE class 10

Topics:
1) Acknowledgement
2) Contents
3) History of Banking
4)Banking and Banks
5) Function of a Bank & Internet Banking
6)Types of Bank Account
7) Savings Bank Account
a) Opening of a savings bank A/c
b) Savings bank passbook
c) Operating
8) Recurring Deposit A/c
a) Find equivalent Principal for one month for the whole deposit
b) Calculation of a Maturity amount on Recurring Deposit
c) Illustrated examples.
9) Bibliography.
TOPIC: COMMERCIAL MATHEMATICS (Grade 10)
LEARNING OUTCOME: Students will gain knowledge of
– Types of bank accounts and learn how to make wise commercial choices
– Knowledge about Shares and Dividends
METHODOLOGY:
1. Students will carry out a survey of 2 banks and collect information on the different types of bank accounts and the rates of interest offered for various loans like home loan, student loan, etc. and the interest offered for savings and recurring scheme. Bank brochures and forms could be used to illustrate the same.
OBSERVATION:
Question 1:
Visit any two banks and collect details with reference to the following:
1. Name of Bank visited
2. Date of visit
3. Types of accounts available and details
4. Types of Loans
5. Supporting evidence
If you had to make an account in a bank, which bank would you choose?​

Answer 1

Answer:

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Answer 2

Answer:

A project on banking system

You have to include the following points in your projects

Acknowledgement, Contents, History of banking, Banking and banks, Importance of

bank in modern days, Different types of bank accounts, Introduction of of a recurring

deposit account and its benefits, Interest calculation in recurring deposit account

10 examples of interest calculation for RD account