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Super Profit Method

Find the amou...

Question

Find the amount of Rs 30,000 from 15-th January, 2010 to 10-th August, 2010 at 12% per annum.

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Solution

P = Rs. 30000,

R = 12%,

We can now calculate the amount as:

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Similar questions

Q. Virat opened a Saving Bank account in a bank on

16^{t h}

2010

. His pass book shows the following entries:

Date	Particulars	Withdrawal (Rs.)	Deposit (Rs.)	Balance (Rs.)
April $16^{t h}$	By cash	___	$2500$	$2500$
April $28^{t h}$	By cheque	___	$3000$	$5500$
May $9^{t h}$	To cheque	$850$	___	$4650$
May $15^{t h}$	By cash	___	$1600$	$6250$
May $24^{t h}$	To cash	$1000$	___	$5250$
June $4^{t h}$	To cash	$500$	___	$4750$
June $30^{t h}$	By cheque	___	$2400$	$7150$
July $3^{r d}$	By cash	___	$1800$	$8950$

Calculate the interest Virat earned at the end of

31^{s t}

2010

4 %

per annum interest. What sum of money will he receive if he closes the account on

1^{s t}

2010

Q. Find the simple interest on

R s . 3, 000

16

% per annum for the period from

4 t h

2010

16 t h

2010

Q. What will be day of the week 25^th August, 2010?

Q. A page from the saving bank account of Mrs. Ravi in the year

2006

is given below:

Date	Particulars	Withdrawal (Rs)	Deposit (Rs)	Balance (Rs)
April $3^{r d}$	B/F	-	-	$6, 000$
April $7^{t h}$	By Cash	-	$2, 300$	$8, 300$
April $15^{t h}$	By cheque	-	$3, 500$	$11, 800$
May $20^{t h}$	To Self	$4, 200$	-	$7, 600$
June $10^{t h}$	By cash	-	$5, 800$	$13, 400$
June $15^{t h}$	To self	$3, 100$	-	$10, 300$
August $13^{t h}$	By cheque	-	$1, 000$	$11, 300$
August $25^{t h}$	To self	$7, 400$	-	$3, 900$
September $6^{t h}$	By cash	-	$2, 000$	$5, 900$

She closed the account on

30^{t h}

2006

. Calculate the interest Mrs. Ravi earned at the end of

30^{t h}

2006

4.5 %

per annum interest. Hence find the amount she receives on closing the account.

Q. On 1st January, 2010, Arun purchased from Barun goods invoiced at ₹ 10,000. On the same date, Barun drew upon Arun a bill for the amount at 2 months and Arun accepted the same. On 4th January, 2010, Barun got the bill discounted with his bank @12% per annum. On due date, Arun told Barun that he was not in a position to pay the full amount and requested Barun to accept ₹ 5,000 in cash and draw a fresh bill at 2 months for the remaining amount plus interest at 15% per annum, Barun agreed. The second bill was duly met on the due date.
Give journal entries to record the above transactions in the books of Barun.

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