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Formula Sheet

Banking — Formula Sheet

ICSE · Class 10 · Mathematics

5 formulas from Banking (ICSE Class 10 Mathematics) on one page, grouped by topic. Part of the ICSE Class 10 Mathematics syllabus.

41 questions24 flashcards5 formulas & key relations5 concepts

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An infographic illustrating the various functions performed by a bank, such as accepting deposits, lending money, transferring funds, providing lockers, and facilitating bill payments.
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5 Entries · 1 Section

Formulas and Key Relations

2. Recurring Deposit Account

Interest = P × [n(n+1)/2] × R/(12 × 100)

Maturity value = P × n + I

Equivalent principal for one month = P[1+2+3+...+n]

1+2+3+...+n = n(n+1)/2

Maturity amount = [1 + (n+1)R/2400]nP

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Frequently Asked Questions

What are the important topics in Banking for ICSE Class 10 Mathematics?
Key topics in Banking include Meaning and Functions of a Bank, Recurring Deposit Account, Formula for Interest on Recurring Deposit, Formula for Maturity Value. Study these first, then practise questions on each for the ICSE Class 10 board exam.
How many formulas are in Banking?
This sheet lists 5 formulas from Banking, grouped by topic. Learn what each symbol stands for so you can apply the formula, not just recall it.
How should I revise Banking for the ICSE Class 10 board exam?
Learn the core ideas first, then work through the 41 practice questions on Banking. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All ICSE Class 10 Mathematics Formula Sheet

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