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Given the Following Details, Calculate the Simple Interest at the Rate of 6% per Annum up to June, 30: - Mathematics

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प्रश्न

Given the following details, calculate the simple interest at the rate of 6% per annum up to June, 30:

Date Debit (in ₹) Credit (in ₹) Balance (in ₹)
January 1 - 24,000·00 24,000·00
January 20 5,000·00 - 19,000·00
January 29 - 10,000·00 29,000·00
March 15 - 8,000·00 37,000·00
April 3 - 7,653·00 44,653·00
May 6 3,040·00 - 41,613·00
May 8 - 5,087·00 46,700·00
योग
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उत्तर

Minimum balance in January     =    ₹ 19,000·00
Minimum balance in February   =    ₹ 29,000.00
Minimum balance in March       =    ₹ 29,000.00
Minimum balance in April          =    ₹ 44,650.00
Minimum balance in May           =    ₹ 46,700.00
Minimum balance in June           =    ₹ 46,700.00
                                Total            =   ₹ 2,15,050.00

∴ Interest = ₹`(2,15,050 xx 6)/(100) xx (1)/(12)`

= ₹ 1,075·25

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