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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.
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उत्तर
Since the interest is earned on the minimum balance between 10th day and the last day of the month as per entries, we have
Minimum balance for April = Rs. 8300
Minimum balance for May = Rs. 7600
Minimum balance for June = Rs. 10300
Minimum balance for July = Rs. 10300
Minimum balance for August = Rs. 3900
Minimum balance for September = Rs. 0
Total balance = Rs. 40400
⇒ Total amount qualifying for interest = Rs. 40400
⇒ Principle for 1 month `(1/12 year)` = Rs 40400
Rate of interest = 4.5% per annum
⇒ Interest = Rs `(40400xx4.5 xx 1/12)/100` = Rs 151.50
Amount = Balance in the account in last month + Interest
= 5900 + 151.5
= Rs 6051.50
Thus, Mrs Ravi receives Rs. 6051.50 on closing the account.
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संबंधित प्रश्न
A page from the Savings Bank Account of Mr Prateek is given below:
| Date | Particulars | Withdrawal (In Rs.) |
Deposit (In Rs.) |
Balances (In Rs.) |
| January 1st, 2006 | B/F | - | - | 1270 |
| January 7th, 2006 | By Cheque | - | 2310 | 3580 |
| March 9th, 2006 | To Self | 2000 | - | 1580 |
| June 26th, 2006 | By Cash | - | 6200 | 7780 |
| June 10th 2006 | To Cheque | 4500 | - | 3280 |
| July 15th, 2006 | By Clearing | - | 2630 | 5910 |
| October 18th, 2006 | To Cheque | 530 | - | 5380 |
| October 27th, 2006 | To Self | 2690 | - | 2690 |
| November 3rd, 2006 | By Cash | - | 1500 | 4190 |
| December 6th, 2006 | To Cheque | 950 | - | 3240 |
| December 23rd, 2006 | By Transfer | - | 2920 | 6260 |
If he receives Rs. 198 as interest on 1st January 2007, find the rate of interest paid by the bank.
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1) the total interest earned by Mr Gupta.
2) the rate of interest per annum.
Mrs. Mathew opened a Recurring Deposit Account in a certain bank and deposited ₹ 640 per month for 4 ½ years. Find the maturity value of this account, if the bank pays interest at the rate of 12% per year.
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Make the entries in her passbook
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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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Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 4200 | 7% | 3 years | ...... | ...... |
Fill in the blanks in the table.
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| 8000 | 5% | ...... | 800 | ...... |
