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Question
Given below is a page from the passbook of the savings bank account of Mr. Rajesh. Complete the entries in the passbook and calculate the interest paid to him by the bank at 6°/o pa in the end of June.
| Date | Particulars | Withdrawals | Deposits | Balance |
| 08.02.2008 | By Cash | 12000.00 | ||
| 15.03.2008 | To cash | 3000.00 | ||
| 08.04.2008 | To Cheque | 2500.00 | ||
| 18.04.2008 | By Cash | 16000.00 | ||
| 10.06.2008 | By Cash | 800.00 |
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Solution
| Date | Particulars | Withdrawals | Deposits | Balance |
| 08.02.2008 | By Cash | 12000.00 | 12000.00 | |
| 15.03.2008 | To cash | 3000.00 | 9000.00 | |
| 08.04.2008 | To Cheque | 2500.00 | 6500.00 | |
| 18.04.2008 | By Cash | 16000.00 | 22500.00 | |
| 10.06.2008 | By Cash | 800.00 | 30500.00 |
| Months | Minimum balance between 10th day and the last day |
| Feb. | 12000 |
| Mar. | 9000 |
| Apr. | 6500 |
| MAy | 22500 |
| June | 30500 |
Total Principal at the end of June = R.s 80,500
Interest = `(80500 xx 6 xx 1)/ (100 xx 12) = 402.50` (Rs 4.3 approx.)
Hence, Mr. R.ajesh will get R.s 403/- as interest amount towards the end of June 2008.
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RELATED QUESTIONS
A page from a passbook of savings bank account is given below:
| Date | Particulars | Amount Withdrawn (In Rs) |
Amount Deposits (In Rs) |
Balance (In Rs) |
| 09.08.1999 11.08.1999 05.10.1999 10.10.1999 27.11.1999 29.11.1999 |
By Cash By Cheque To Cheque By Cash By Cheque By Cash |
- - 12,000 - 5,000 - |
10,000 5,000 - 17,000 - 3,000 |
10,000 15,000 3,000 20,000 15,000 18,000 |
The account is closed on 2nd Jan, 2000. Find the amount received, if the rate of interest is 5%
A savings bank account was opened by Mrs. Roy on 3.7.12 and closed on 31.01.13. The entries in the passbook of Mrs. Roy were as given below:
| Date | Particulars | Debit (In Rs) | Credit (In Rs) | Balance (In Rs) |
| 3.7.12 | By cash | 690.00 | ||
| 15.7.12 | By cash | 1,153.00 | ||
| 27.8.12 | By Cheque | 2,468.00 | ||
| 30.8.12 | To cash | 946.00 | ||
| 12.9.12 | To Cheque | 1,000.00 | ||
| 20.11.12 | By Cheque | 3,000.00 | ||
| 26.11.12 | By cash | 750.00 | ||
| 28.11.12 | To Cash | 1,570.00 |
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