Mr- Choudhury opened a savings bank account at SBI on 1st Apr 2007- The entries of 1 year as shown in his pass book are given below- If the bank pays interest - 5 - per annum- find the interest paid on 1st April 2008- correct to nearest re- Date Particulars Withdrawal Deposit Balance 1st April- 07 By Cash 8-500 8-500 12th April-07 To Self 1-200 7-350 24th April-07 By Cash 4-550 11-900 8 th July-07 By Cheque 1-500 13-400 10th Sept - 07 By Cheque 3-500 16-900 17th Sept-07 To Cheque 2-500 14-400 1 th Oct-07 By Cash 800 15-200 6 th Jan-08 To Self 2-000 13-200 9th March-08 By Cheque 9-500 14-150

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Finding CI When Rate Compounded Anually or Semi - Anually

Mr. Choudhury...

Question

Mr. Choudhury opened a savings bank account at SBI on 1st Apr 2007. The entries of 1 year as shown in his pass book are given below. If the bank pays interest @ 5% per annum, find the interest paid on 1st April 2008. (correct to nearest re.)

656

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658

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657.54

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666.54

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657

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Solution

The correct option is E
657

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Mr. Choudhury opened a savings bank account at SBI on 1st Apr 2007. The entries of 1 year as shown in his pass book are given below. If the bank pays interest @ 5% per annum, find the interest paid on 1st April 2008. (correct to nearest re.)

The correct option is E 657

The correct option is E
657