Geeta opened a Savings Bank Account in a Bank on 7th Nov., 08 and deposited 750. She withdrew 250 on 30th Nov., 08. If no other withdrawal or deposit was made by her during this month then the amount on which she would receive interest for the month of Nov 08 is

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Solution

Up to 30th Nov. 08 ,the amount to his credit=Rs.750
On 30th Nov 08 Geeta withdrew Rs.250
$∴$ On the last day of Nov. the minimum amount to his credits $= 750 - 250 = R s .500$
$∴$ The amount qualifying for interest for the month of Nov 08 =Rs.500

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