How much percentage of a banks's deposit does the bank hold the cash?

15%

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20%

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10%

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12%

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Solution

The correct option is A 15%
15% cash is kept as provision to pay the depositors who might might come to withdraw money from the bank on any given day.

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Solve the following problems.

If Mary deposits Rs. 18,500 in a bank at 12% p.a simple interest, how much amount does she get after 6 months?

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