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Given Below Are the Entries in a Saving Bank A/C Pass Book: Calculate the Interest for 6 Months from February to July at 6% per Annum. -

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Given below are the entries in a saving Bank A/C pass book:

Date Particulars Withdrawals Deposits Balance
Feb 8
Feb 18
April 12
June 15
July 8
B/F
To self
By Cash
To Self
By Cash
-
Rs. 4,000
-
Rs. 5,000
-
-
-
Rs. 2,230
-
Rs. 6,000
Rs. 8,500
4500
6730
1730
7730

Calculate the interest for 6 months from February to July at 6% per annum.

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Principal for the month February = 4500
Principal for the month March = 4500
Principal for the month April = 4500
Principal for the month May = 6730
Principal for the month June = 1730
Principal for the month July = 7730
Total principal for 1 month = Rs. 29,690
∴ Interest = = `(29690 × 6)/ (100 ×12)`=ЁЭСЕЁЭСа.148.45 Ans

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