Given below are the entries in a savings bank a/c passbook. Calculate the interest for months from January to July at 6% p.a.
At first complete the balance column:
 
Date                                   Particulars                withdrawls             deposits             balance
 
Jan 18, 2001                    B/F                                                                   5000
Feb 08, 2001                  By self                                            3500              ------             Feb 18, 2001                  to self                      4000                                     ------
April 12, 2001                 by cash                                           2230              ------
June 15, 2001                 to self                      5000                                     ------
July 08, 2001                  by cash                                           6000              ------
 

Asked by pradeep8888 | 28th Sep, 2016, 04:56: PM

Expert Answer:

Date

Particulars

Withdrawls

Deposit

Balance

Jan 18

Feb 08

Feb 18

Apr 12

June 15

June 08

B/F

By Self

To Self

By Cash

To Self

By Cash

-

-

4000

-

5000

-

-

3500

-

2230

-

6000

Rs. 5000

Rs. 8500

Rs. 4500

Rs. 6730

Rs. 1730

Rs. 7730

 
 
 
 
 
 
 
 
 
 
 
 
 
begin mathsize 16px style Now comma space Principal space for space the space month space of
Jan space equals space Rs. space 5000
Feb space equals space Rs. space 4500
Mar space equals space Rs. space 4500
April space equals space Rs. space 4500
May space equals space Rs. space 6730
June space equals space Rs. space 1730
July space equals space Rs. space 7730
top enclose Total space Principal space for space 1 space month space equals space Rs. space 34 comma 690 space end enclose
therefore space straight P space equals space Rs. space 34 comma space 690 comma space straight T space equals space 1 over 12 space years space and space straight R space equals space 6 percent sign
therefore space Interest space equals space fraction numerator straight P space cross times space straight R space cross times space straight T over denominator 100 end fraction space equals space Rs. space fraction numerator 34690 space cross times space 6 space cross times space 1 over denominator 100 space cross times space 12 end fraction equals space Rs. space space 173.45
end style

Answered by Rashmi Khot | 29th Sep, 2016, 02:12: PM

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