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Question
Given below is a page from the passbook of a saving bank account that Mr. Sharma has with SBI. If the bank gives interest at 6%pa, find
The principal amount in January, February and March which will be considered for interest for interest calculation.
Solution
| Date | Particulars | Withdrawals | Deposits | Balance | Qualifying amount |
| 05.01.2008 | By Cash | 15500.00 | 15500.00 | 15500.00 | |
| 10.01.2008 | To Cheque | 4800.00 | 10700.00 | 10700.00 | |
| 15.02.2008 | To Cheque | 5300.00 | 5400.00 | 5400.00 | |
| 08.03.2008 | By Cash | 19200.00 | 24600.00 | 24600.00 | |
| 17.03.2008 | By Cheque | 7400.00 | 32000.00 | 24600.00 |
January : Rs. 10,700.00/- as this is minimum of 10th and 31st Jan
February : Rs. 5,400.00/- as this is minimum of 10th and 28th Feb
March : Rs. 24,600.00/- as this is minimum of 10th and 31st March (including 17th March)
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RELATED QUESTIONS
Given below is a page from the passbook of a saving bank account that Mr. Sharma has with SBI. If the bank gives interest at 6%pa, find
The interest she gets at the end of March.
| Date | Particulars | Withdrawls | Deposite | Balance |
| 05.01.08 | By cash | 15500.00 | 15500.00 | |
| 10.01.08 | To cheque | 4800.00 | 10700.00 | |
| 15.02.08 | To cheque | 5300.00 | 5400.00 | |
| 08.03.08 | By cash | 19200.00 | 24600.00 | |
| 17.03.08 | To cheque | 7400.00 | 32000.00 |
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