हिंदी

A Page from the ‘Savings Bank’ Account of Priyanka is Given Below: If the Interest Earned by Priyanka for the Period Ending September 2006 is Rs. 175, the Find the Rate of Interest. - Mathematics

Advertisements
Advertisements

प्रश्न

A page from the ‘Savings Bank’ account of Priyanka is given below:

Date Particulars

Amount
withdrawn

(Rs.)

Amount deposited

(Rs.)

Balance

(Rs.)

03/04/2006 B/F     4000.00
05/04/2006 By cash   2000.00 6000.00
18/04/2006 By cheque   6000.00 12000.00
25/05/2006 By cheque 5000.00   7000.00
30/05/2006 By cash   3000.00 10000.00
20/07/2006 By self 4000.00   6000.00
10/09/2006 By cash   2000.00 8000.00
19/09/2006 To cheque 1000.00   7000.00

If the interest earned by Priyanka for the period ending September 2006 is Rs. 175, the find the rate of interest.

 

उत्तर

Qualifying principal for various months:

Month Principal
April Rs. 6000
May Rs. 7000
June Rs. 10000
July Rs. 6000
August Rs. 6000
September Rs. 7000
Total Rs. 42000

Here, P= Rs. 42,000

Let R% be the rate of interest and T = `1/12` year

Given that the interest, I  = Rs.175

Now, `I= (PxxRxxT)/100`

`=> 175 = (42000 xx R xx 1)/(100xx 12)`

`=> R = (175xx100xx12)/42000 = 5%`

Thus, the rate of interest is 5%.

shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2013-2014 (March)

APPEARS IN

वीडियो 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.


Shahrukh opened a ‘Recurring Deposit’ account in a bank and deposited Rs. 800 per month for 1½ years. If he received Rs. 15,084 at the time of maturity, find the rate of interest per annum.


Mrs. Mathew opened a Recurring Deposit Account in a certain bank and deposited ₹ 640 per month for 4 ½ years. Find the maturity value of this account, if the bank pays interest at the rate of 12% per year.


Ashish deposits a certain sum of money every month is a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of 11% p.a. and Ashish gets ₹ 12,715 as the maturity value of this account, what sum of money did money did he pay every month?


Amit deposited Rs 150 per month in a bank for 8 months under the Recurring Deposit Scheme. What will be the maturity value of his deposits, if the rate of interest is 8% per annum and interest is calculated at the end of every month?


Mrs. Geeta deposited Rs. 350 per month in a bank for 1 year and 3 months under the Recurring Deposit Scheme. If the maturity value of her deposits is Rs. 5,565; find the rate of interest per annum.


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.

Make the entries in her passbook


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 the interest on 3000 rupees is 600 rupees at a certain rate for a certain number of years, what would the interest be on 1500 rupees under the same conditions?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×