Page 127 - New Medley 5 Semester 2

THINK AND ANSWER • Logical reasoning

BANKING

Rates for the Time
Bank’s
name Up to 3 years 4 or 5 years More than 5 years

Bank A 6% 7% 8%

1
Bank B 7% 7 % 8%
2
1
Bank C 5 % 8% 9%
2

1. Mr. Dinkar wants to invest a sum of `50000 for 3 years in a fixed deposit
scheme. In which bank will you suggest him to deposit? How much will the
bank return in all for the given sum?

2. Md. Zakir got an amount of `25600 after 4 years for the deposit of `20000.
Can you recognise the bank in which Mr. Zakir had invested?

3. Calculate the interests and arrange them in ascending order.

In Bank A, `100000 for 3 years

In Bank B, `75000 for 5 years

In Bank C, `40000 for 8 years

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