Given below are the entries in a saving bank a-c pass book-Date Particulars Withdrawal Deposit Balance 8th Feb B - F 8-500 18th Feb To Self 4-000 12th April By Cash 2-238 15th June To Self 5-000 8th July By Cash 6000 Calculate the interest for the six months Feb to July at 41 - 2 - p-a- on minimum balance-A- 56-50B- 111-50C- 110D- 222E- 111-43

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Finding CI When Rate Compounded Anually or Semi - Anually

Given below a...

Question

Given below are the entries in a saving bank a/c pass book:

Calculate the interest for the six months Feb to July at 4 ½ % p.a. on minimum balance.

110

No worries! We‘ve got your back. Try BYJU‘S free classes today!

222

No worries! We‘ve got your back. Try BYJU‘S free classes today!

56.50

No worries! We‘ve got your back. Try BYJU‘S free classes today!

111.50

No worries! We‘ve got your back. Try BYJU‘S free classes today!

111.43

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is E
111.43

Suggest Corrections

Similar questions

Given below the entries in a savings bank account:

If the bank pays interest @ 6% per annum, find the interest paid from Feb to July.

Given below are the entries in a saving bank a/c pass book:

Calculate the interest due till March 1998 at 6 % p.a.

Mr. D has an account in the union bank of India. Calculate the interest from Jan to June @ 4% p.a.

Mrs. Kapoor opened a savings bank account on 9th Jan. 2008. Her entries are

Mrs Kapoor closes the account on 31st Dec., 2008. If the bank pays interest at 4% per annum, find the interest he receives on closing the account. Give your answer to the nearest Re.

Mr. Aakash has a saving bank account in Bank of India. His passbook has the following entries.

Calculate the interest due to him at the end of September (2008) at the rate of 4% p.a.

Join BYJU'S Learning Program

Given below are the entries in a saving bank a/c pass book: Calculate the interest for the six months Feb to July at 4 ½ % p.a. on minimum balance.

The correct option is E 111.43

Given below are the entries in a saving bank a/c pass book:

Calculate the interest for the six months Feb to July at 4 ½ % p.a. on minimum balance.

The correct option is E
111.43