Share

# Given Below Are the Entries in a Saving Bank A/C Passbook. Calculate the Interest for Six Months from February to July at 6% P.A. - ICSE Class 10 - Mathematics

#### Question

Given below are the entries in a Saving Bank A/c passbook.

 Date Particulars Withdrawals Deposit Balance Feb8 B/F - - Rs. 8500 Feb 18 To self Rs. 4000 - April 12 By cash - Rs. 2230 June 15 To self Rs. 5000 - July 8 By cash - Rs. 6000

Calculate the interest for six months from February to July at 6% p.a.

#### Solution

On completing the given passbook, we get

 Date Particulars Withdrawals Deposit Balance Feb8 B/F - - Rs. 8500 Feb 18 To self Rs. 4000 - Rs. 4500 April 12 By cash - Rs. 2230 Rs. 6730 June 15 To self Rs. 5000 - Rs. 1730 July 8 By cash - Rs. 6000 Rs. 7730

Principal for the month of Feb = Rs. 4500
Principal for the month of March = Rs. 4500
Principal for the month of April = Rs. 4500
Principal for the month of May = Rs. 6730
Principal for the month of June = Rs. 1730
Principal for the month of July = Rs. 7730
Total Principal for 1 month = Rs. (4500 + 4500 + 4500 + 6730 + 1730 + 7730)

= Rs. 29690

P =   Rs 29690, T = 1/12year, R = 6%

∴Interest = (29690 xx 6 xx 1)/(100 xx 12)

= Rs 148.45

Is there an error in this question or solution?

#### Video TutorialsVIEW ALL 

Solution Given Below Are the Entries in a Saving Bank A/C Passbook. Calculate the Interest for Six Months from February to July at 6% P.A. Concept: Computation of Interest.
S