मराठी

Virat Opened a Savings Bank Account in a Bank on 16th April 2010. His Pass Book Shows the Following Entries: Calculate the Interest Virat Earned at the End of 31st July 2010 at 4% per Annum Interest. What Sum of Money Will He Receive If He Closed the Account on 1st August 2010?

Advertisements
Advertisements

प्रश्न

Virat opened a Savings Bank account in a bank on 16th April 2010. His pass book shows the following entries:

Date Particulars

Withdrawal

(Rs.)

Deposit (Rs.) Balance (Rs.)
April 16, 2010 , By cash - 2500 2500
April 28th By cheque - 3000 5500
May 9th To cheque 850 - 4650
May 15th By cash   1600 6250
May 24th To cash 1000 - 5250
June 4th To cash 500 - 4750
June 30th To cheque - 2400 7150
July 3rd By cash - 1800 8950

Calculate the interest Virat earned at the end of 31st July 2010 at 4% per annum interest. What sum of money will he receive if he closed the account on 1st August 2010?

Advertisements

उत्तर

Principal for the month of April = Rs. 0

Principal for the month of May = Rs. 4650

Principal for the month of June = Rs. 4750

Principal for the month of July = Rs. 8950

Total Principal for one month = Rs. 18,350

Time = `1/12` year, Rate = 4 %

Interest earned = `(18350 xx 1 xx 4)/(100 xx 12) = 61.17`

Money received on closing the account on 1st August, 2010

= Last Balance + Interest earned

= Rs. (8950 + 61.17)

= Rs. 9011.17

 

 

shaalaa.com
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2014-2015 (March)

APPEARS IN

व्हिडिओ ट्यूटोरियलVIEW ALL [1]

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:

  1. the monthly instalment.
  2. the amount of maturity.

Mr. Gupta opened a recurring deposit account in a bank. He deposited Rs. 2500 per month for two years. At the time of maturity he got Rs. 67,500. Find:

1) the total interest earned by Mr Gupta.

2) the rate of interest per annum.


Each of A and B both opened a recurring deposit accounts in a bank. If A deposited Rs. 1,200 per month for 3 years and B deposited Rs. 1,500 per month for 2 ½ years; find, on maturity, who will get more amount and by how much? The rate of interest paid by the bank is 10% per annum.


A man has a Recurring Deposit Account in a bank for `3 1/2` years. If the rate of interest is 12% per annum and the man gets Rs. 10,206 on maturity, find the value of monthly instalments.


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.

Make the entries in his passbook


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


At a certain rate of interest, the interest after 4 years on 5000 rupees principal is 1200 rupees. What would be the interest of 15000 rupees at the same rate of interest for the same period?


If Pankaj deposits 1,50,000 rupees in a bank at 10 p.c.p.a. for two years, what is the total amount he will get from the bank?


If the interest on 1700 rupees is 340 rupees for 2 years the rate of interest must be ______.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×