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प्रश्न
Mr. Burman open a saving back account with Bank of India on 3rd April 2007 with a cash deposit of Rs 5,000/-. Subsequently, he deposited Rs 16,500/- by cheque on 11th April 2007, withdraw Rs 4,000/- on 10th May, paid Rs 3,500 for insurance by cheque on 7th July 2007, deposited Rs. 6,000/- in cash on 9th August 2007 and withdrew Rs 1,500/- on 12th Oct 2007.
If he closed the account on 14th December and if the rate of simple interest is 4% pa, then find the amount he received on closing the account.
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उत्तर
If he closed the acoount on 14th December and if the rate of simple interest is 4°/o pa, then find the amount he received on closing the account. Pis. note that there are June, September and November month where no transactions were made but the bank will give interest based on the amount which is reflected in the last month.
| Months | Minimum balance between 10th day and the last day |
| Apr | 5000 |
| May | 17500 |
| June | 17500 |
| July | 14000 |
| Aug | 20000 |
| Sep | 20000 |
| Oct | 18500 |
| Nov | 18500 |
Total principal for at the end of November= 1,31,000
Interest = `(131000 xx 4 xx 1)/(100 xx 12) = 436.67`
Thus, interest= Rs 437
Hence, while closing the account, Mr. Burman will get Principal + interest which amounts to:
Rs 18,500/- + Rs 437/- = Rs 18, 937/-
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संबंधित प्रश्न
A page from the savings bank account of Mrs Ravi is given below.
| Date | Particulars | Withdrawal (Rs.) |
Deposit (Rs.) | Balance (Rs.) |
| April 3rd 2006 | B/F | 6000 | ||
| April 7th | By cash | 2300 | 8300 | |
| April 15th | By cheque | 3500 | 11800 | |
| May 20th | To self | 4200 | 7600 | |
| June 10th | By cash | 5800 | 13400 | |
| June 15th | To self | 3100 | 10300 | |
| August 13th | By cheque | 1000 | 11300 | |
| August 25th | To self | 7400 | 3900 | |
| September 6th 2006 |
By cash | 2000 | 5900 |
She closed the account on 30th September 2006. Calculate the interest Mrs Ravi earned
at the end of 30th September 2006 at 4.5% per annum interest. Hence, find the
amount she receives on closing the account.
Shahrukh opened a ‘Recurring Deposit’ account in a bank and deposited Rs. 800 per month for 1½ years. If he received Rs. 15,084 at the time of maturity, find the rate of interest per annum.
Ashish deposits a certain sum of money every month is a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of 11% p.a. and Ashish gets ₹ 12,715 as the maturity value of this account, what sum of money did money did he pay every month?
Puneet has a Recurring Deposit Account in the Bank of Baroda and deposits Rs. 140 per month for 4 years. If he gets Rs. 8,092 on maturity, find the rate of interest given by the bank.
Mrs. Geeta deposited Rs. 350 per month in a bank for 1 year and 3 months under the Recurring Deposit Scheme. If the maturity value of her deposits is Rs. 5,565; find the rate of interest per annum.
Mr. Gulati has a Recurring Deposit Account of Rs. 300 per month. If the rate of interest is 12% and the maturity value of this account is Rs. 8,100; find the time (in years) of this Recurring Deposit Account.
Mr. Burman open a saving back account with Bank of India on 3rd April 2007 with a cash deposit of Rs 5,000/-. Subsequently, he deposited Rs 16,500/- by cheque on 11th April 2007, withdraw Rs 4,000/- on 10th May, paid Rs 3,500 for insurance by cheque on 7th July 2007, deposited Rs. 6,000/- in cash on 9th August 2007 and withdrew Rs 1,500/- on 12th Oct 2007.
Make the entries in his passbook
If Rihanna deposits 1500 rupees in the school fund at 9 p.c.p.a for 2 years, what is the total amount she will get?
Lataben borrowed some money from a bank at a rate of 10 p.c.p.a. interest for `2 1/2` years to start a cottage industry. If she paid 10250 rupees as total interest, how much money had she borrowed?
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 4200 | 7% | 3 years | ...... | ...... |
