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The Entries in the Passbook of a Saving Bank Account Holder Are as Follows:Rate of Interest is 5% per Annum. Calculate the Interest Due If the Account is Closed Om: (I) September 29, 1986 - Mathematics

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प्रश्न

The entries in the passbook of a Saving Bank Account holder are as follows:

Date Particulars Withdrawals(₹) Deposits(₹) Balance(₹)
Feb. 12, 1986 By cash - 2,000·00 2,000·00
March 10 By cash - 1,100·00 3,100·00
April 20 To cheque no. 231 800·00 - 2,300·00
April 25 By cash - 700·00 3,000·00
May 11 To cheque no. 232 700·00 - 2,300·00
July 2 By cash - 400·00 2,700·00
July 8 By cash - 500·00 3,200·00
Aug. 10 By cash - 600·00 3,800·00
Aug. 28 To cheque no. 233 200·00 - 3,600·00

Rate of interest is 5% per annum. Calculate the interest due if the account is closed on:
(i) September 29, 1986
(ii) October 1, 1986.

योग
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उत्तर

Principal for the month of February     = Nil
Principal for the month of March         = ₹ 3,100·00
Principal for the month of April            = ₹ 2,300·00
Principal for the month of May             = ₹ 2,300·00
Principal for the month of June             = ₹ 2,300·00
Principal for the month of July              = ₹ 3,200·00
Principal for the month of August         = ₹ 3,600·00
                                          Total                 ₹ 16,800·00

(i) If the account is dosed on Sept 29, 1986, then month of Sept., will not earn interest and principal for one month Rs. 16,800.
Rate = 5% p.a.

Interest = ₹`((16,800 xx 5)/(100) xx (1)/(12))`
= ₹ `(168 xx 5)/(12)`
= ₹ 14 x 5
= ₹ 70

(ii) If  the account is closed on Oct. 1, 1986
Interest due for the month of September  = `("P" xx "R" xx "T")/(100)`
= ₹`((3,600 xx 5)/(100) xx (1)/(12))`
= ₹ 15
∴ Interest due = ₹ (70 + 15) = ₹ 85.

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संबंधित प्रश्न

A page from a passbook of savings bank account is given below:

Date Particulars Amount Withdrawn
(In Rs)
Amount Deposits
(In Rs)
Balance
(In Rs)
09.08.1999
11.08.1999
05.10.1999
10.10.1999
27.11.1999
29.11.1999
By Cash
By Cheque
To Cheque
By Cash
By Cheque
By Cash
-
-
12,000
-
5,000
-
10,000
5,000
-
17,000
-
3,000
10,000
15,000
3,000
20,000
15,000
18,000

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Date Particulars Amount Withdrawn
(In Rs)
Amount Deposits
(In Rs)
Balance
(In Rs)
Jan 1, 2000
Jan, 8
Feb 18
May 19
July 15
Oct 7
By Balance
By cash
To Cheque
By Cash
To self
By cash
-
-
10,500
-
2,400
-
-
6,000
-
6,300
-
3,600
9,600
15,600
5,100
11,400
9,000
12,600

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27.8.12 By Cheque   2,468.00  
30.8.12 To cash 946.00    
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Deposits
(in ₹)
Balance
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1998, Jan. 8 By Cash - 500·00 500·00
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