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Suresh has joined a factory which pays wages by cheque only. He opens a S.B. account on Feb. 1, and his passbook has the following entries Upto 1st April of the year. - Mathematics

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प्रश्न

Suresh has joined a factory which pays wages by cheque only. He opens a S.B. account on Feb. 1, and his passbook has the following entries Upto 1st April of the year.

Date Particulars Withdrawals(₹) Deposits(₹) Balance(₹)
Feb. 1 By cash - 50·00 50·00
Feb. 2 By salary - 1,000·00 1,050·00
Feb. 4 To withdrawn slip 200·00 - 850·00
Feb. 15 By overtime allowance - 300·00 1,150·00
Feb. 24 To Aslam 100·00 - 1,050·00
March 1 By salary - 1,000·00 2,050·00
March 7 To cheque no. 212 500·00 - 1,550·00
March 21 To cheque no. 213 700·00 - 850·00
March 27 To self 400·00 - 450·00
Apr. 1 By salary - 1,000·00 1,450·00
Apr. 11 By interest - - -

He closes the account on 11th April. Complete the entries for 11th April at the rate of 5%

योग
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उत्तर

Principal for the month of February = ₹ 850·00
                                           March    =  ₹ 450·00
                                           Total      =  ₹ 1,300·00
Here,
P = ₹ 1,300·00, R = 5 % p.a., T = `(1)/(12)"yr"`

∴ Interest (I)  = `("P" xx "R" xx "T")/(100)`

= `(1,300 xx 5 xx 1)/(100 xx 12)`

= `(65)/(12)`

= ₹ 5·42p.a.

Hence, 11th entry in the passbook = ₹ 1,450 + 5·42 = ₹ 1,455·42.

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