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Mr. Chaudhary Opened a Saving’S Bank Account at State Bank of India on 1st April 2007.F the Bank Pays Interest at the Rate of 5% per Annum, Find the Interest Paid - Mathematics

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प्रश्न

Mr. Chaudhary opened a Saving’s Bank Account at State Bank of India on 1st April 2007.

Date Particulars Withdrawals
(in ₹)
Deposits
(in ₹)
Balance
(in ₹)
1st April 2007 By Cash - 8,550·00 8,550·00
12th April 2007 To Self 1,200·00 - 7,350·00
24th April 2007 By cash - 4,550·00 11,900·00
8th July 2007 By Cheque - 1,550·00 13,400·00
10th Sept. 2007 By Cheque - 3,500·00 16,900·00
17th Sept. 2007 To Cheque 2,500·00 - 14,400·00
11th Oct. 2007 By Cash - 800·00 15,200·00
6th Jan. 2008 To Self 2,000·00 - 13,200·00
9th March 2008 By Cheque - 950·00 14,150·00

If the bank pays interest at the rate of 5% per annum, find the interest paid on 1st April, 2008. Give your answer correct to the nearest rupee.

योग
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उत्तर

Minimum balance for the month of April      =  ₹ 7,350
Minimum balance for the month of May      = ₹ 11,900
Minimum balance for the month of June      = ₹ 11,900
Minimum balance for the month of July       =  ₹ 13,400
Minimum balance for the month of Aug.      = ₹ 13,400
Minimum balance for the month of Sept.     =  ₹ 14,400
Minimum balance for the month of Oct.       = ₹ 14,400
Minimum balance for the month of Nov.      = ₹ 15,200
Minimum balance for the month of Dec.      =  ₹ 15,200
Minimum balance for the month of Jan.       =  ₹ 13,200
Minimum balance for the month of Feb.       =  ₹ 13,200
Minimum balance for the month of March    = ₹ 14,150
                                                         Total       = ₹ 1,57,700
⇒ Principal for one month  = ₹ 1,57,700

Interest paid on 1st April    = `(1,57,700 xx 5 xx 1)/(100 xx 12)`
= ₹ 657·08
= ₹ 657 (to the nearest rupee)

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संबंधित प्रश्न

Mr Choudhury opened a Saving Bank Account at State Bank of India on 1st April 2007. The entries of one year as shown in his passbook are given below.

Date Particulars Withdrawals (in Rs.) Deposits (in Rs.) Balance (in Rs.)
Ist April 2007 By Cash - 8550.00 8550.00
12th- April 2007 To Self 1200.00 -- 7350.00
24th April 2007 By Cash - 4550.00 11900.00
8th July 2007 By Cheque - 1500.00 13400.00
10th Sept. 2007 By Cheque - 3500.00 16900.00
17th Sept. 2007 By Cheque 2500.00 - 14400.00
11th Oct. 2007 By Cash - 800.00 15200.00
6th Jan. 2008 To Self 2000.00 - 13200.00
9th March 2008 By Cheque - 950.00 14150.00

If the bank pays interest at the rate of 5% per annum, find the interest paid on 1st April 2008. Give your answer correct to the nearest rupee.


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Feb 8
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