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प्रश्न
Mr. Burman open a saving back account with Bank of India on 3rd April 2007 with a cash deposit of Rs 5,000/-. Subsequently, he deposited Rs 16,500/- by cheque on 11th April 2007, withdraw Rs 4,000/- on 10th May, paid Rs 3,500 for insurance by cheque on 7th July 2007, deposited Rs. 6,000/- in cash on 9th August 2007 and withdrew Rs 1,500/- on 12th Oct 2007.
If he closed the account on 14th December and if the rate of simple interest is 4% pa, then find the amount he received on closing the account.
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उत्तर
If he closed the acoount on 14th December and if the rate of simple interest is 4°/o pa, then find the amount he received on closing the account. Pis. note that there are June, September and November month where no transactions were made but the bank will give interest based on the amount which is reflected in the last month.
| Months | Minimum balance between 10th day and the last day |
| Apr | 5000 |
| May | 17500 |
| June | 17500 |
| July | 14000 |
| Aug | 20000 |
| Sep | 20000 |
| Oct | 18500 |
| Nov | 18500 |
Total principal for at the end of November= 1,31,000
Interest = `(131000 xx 4 xx 1)/(100 xx 12) = 436.67`
Thus, interest= Rs 437
Hence, while closing the account, Mr. Burman will get Principal + interest which amounts to:
Rs 18,500/- + Rs 437/- = Rs 18, 937/-
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संबंधित प्रश्न
Shahrukh opened a ‘Recurring Deposit’ account in a bank and deposited Rs. 800 per month for 1½ years. If he received Rs. 15,084 at the time of maturity, find the rate of interest per annum.
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 |
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Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 8000 | 5% | ...... | 800 | ...... |
