Manu opened a Savings Bank Account in the Stale Bank of India on 3rd Sept., 12 with Z 2,700. He withdrew Z 1,200 from the bank on 8th Sept., 12 and deposited t 500 on 17th Sept., 12. If he did not make any further deposits or withdrawals during this month; find the amount on which he would receive interest for Sept.

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Solution

In saving bank account interest paid deposit minimum balance on 10th of the month to last date of month
Then Manu opened S.B A\C on 3rd September with 2700 and withdrew 1200 on 8th September and deposit 500 on 17th September
Then minimum balance of deposit =2700-1200=1500

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In saving bank account interest paid deposit minimum balance on 10th of the month to last date of monthThen Manu opened S.B A\C on 3rd September with 2700 and withdrew 1200 on 8th September and deposit 500 on 17th SeptemberThen minimum balance of deposit =2700-1200=1500

In saving bank account interest paid deposit minimum balance on 10th of the month to last date of month
Then Manu opened S.B A\C on 3rd September with 2700 and withdrew 1200 on 8th September and deposit 500 on 17th September
Then minimum balance of deposit =2700-1200=1500