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

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2015-12-15T13:37:33+05:30

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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
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