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प्रश्न
Ms. Chitra opened a saving bank account with SBI on 05.04.2007 with a cheque deposit of Rs 11,000/.Subsequently, she took out Rs 3,200/- on 12.05.2007; deposited a cheque of Rs. 8,800/- on 03.06.2007 and paid Rs 2,000/- by cheque on 18.06.2007.
If the rate of simple interest was 5% pa compounded at the end of March and September, find her balance on 1.04.2008
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उत्तर
If the rate of simple interest was 5°/o pa compounded at the end of March and September, find her balance on 1.04.2008 According to the entries in passbook, the minimum balance tor ditterent months are as follows:
| Months | Minimum balance between 10th day and the last day | Minimum balance in nearest multiple of 10 |
| 2007,April | 11000 | 11000 |
| May | 7800 | 7800 |
| June | 14600 | 14600 |
| July | 14600 | 14600 |
| August | 14600 | 14600 |
| September | 14600 | 14600 |
| October | 14600 + 322 = 14922 | 14920 |
| November | 14922 | 14920 |
| December | 14922 | 14920 |
| 2008,January | 14922 | 14920 |
| February | 14922 | 14920 |
| March | 14922 | 14920 |
Total principal at the end of September 2007
=Rs 11000 + 7800 + 14600 x 4
=Rs 77200
Therefore interest at the end of sep. 2007
= `(77200 xx 5 xx 1)/(100 xx 12) = 321.66`
Thus interest earned is Rs 322
Again, principal at the end of March, 2008 = 14920x6 = 89520
Therefore interest at the end of Mar. 2008
= `(89520 xx 5 xx 1)/(100 xx 12) = 373`
Hence, Account balance as on 01.04.2008 is
= Rs 14920 +Rs 373
=Rs 15293
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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.
Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs. 1200 as interest at the time of maturity, find:
- the monthly instalment.
- the amount of maturity.
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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.
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A recurring deposit account of Rs. 1,200 per month has a maturity value of Rs. 12,440. If the rate of interest is 8% and the interest is calculated at the end of every month; find the time (in months) of this Recurring Deposit Account.
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?
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| ...... | 6% | 4 years | 1200 | ...... |
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| ...... | 5% | ...... | 6000 | 18000 |
