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Question
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| ....... | `2 1/2%` | 5 years | 2400 | ...... |
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Solution
Given:
Total interest (I) = 2400 rupess
Rate of interest (R) = `2 1/2%`
= `5/2%`
Time (T) = 5 years
Formula:
Principal (P) = `("I"xx100)/("R"xx"T")`
Solution:
Principal (P) = `(2400xx100xx2)/(5xx5)`
= 19200 rupees
Total Amount = P + I
= 19200 + 2400
= 21600 rupees
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 19200 | `2 1/2%` | 5 years | 2400 | 21600 |
RELATED QUESTIONS
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?
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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Make the entries in her passbook
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Fill in the blanks in the table.
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