Mr- Pratik-s savings account has following details-Date Withdrawal Deposit Balance 1st Jan 1-270 7th Jan 2-310 3-580 9th March 2-000 1-580 26th March 6-200 7-780 10th June 4-500 3-280 15th July 2-630 5-910 18th Oct 530 5-380 27th Oct 2-690 2-690 3rd Nov 1-500 4-190 6th Dec 950 3-240 23rd Dec 2-920 6-160 If he receives Rs-198 as interest on 1st Jan 2007 - find the interest rate per annum paid by the bank-

The correct option is B 4.5 ...

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

Byju's Answer

Standard VIII

Mathematics

Finding CI When Rate Compounded Anually or Semi - Anually

Mr. Pratik's ...

Question

Mr. Pratik's savings account has following details:

If he receives Rs.198 as interest on 1st Jan 2007, find the interest rate per annum paid by the bank.

5.5 %

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

4.5%

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

10%

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

Open in App

Solution

The correct option is D
4.5%

Suggest Corrections

Similar questions

Q. A page from the Saving Bank Account of Mr. Prateek is given below:

Date	Particulars	Withdrawal (In Rs.)	Deposit (In Rs.)	Balances (In Rs.)
Jan $1^{s t}$ $2006$	B/F	-	-	$1, 270$
Jan. $7^{t h}$ $2006$	By Cheque	-	$2, 310$	$3, 580$
March $9^{t h}$ $2006$	To Self	$2, 000$	-	$1, 580$
March $26^{t h}$ $2006$	By Cash	-	$6, 200$	$7, 780$
June $10^{t h}$ $2006$	To Cheque	$4, 500$	-	$3, 280$
July $15^{t h}$ $2006$	By Clearing	-	$2, 630$	$5, 910$
October $18^{t h}$ $2006$	To Cheque	$530$	-	$5, 380$
October $27^{t h}$ $2006$	To Self	$2, 690$	-	$2, 690$
November $3^{r d}$ $2006$	By cash	-	$1, 500$	$4, 190$
December $6^{t h}$ $2006$	To Cheque	$950$	-	$3, 240$
December $23^{r d}$ $2006$	By Transfer	-	$2, 920$	$6, 160$

If he receives Rs.

198

as interest on

1^{s t}

January,

2007

, find the rate of interest paid by the bank.

Mr. Mishra has a savings bank account in Allahabad bank. His pass book entries are as follows:

Rate of interest paid by bank is 4.5 % per annum. Mr. Mishra closes his account on 30th Oct. Find the interest he receives.

Given the following details of Mrs. Bhalla, calculate simple interest from Jan to Dec @ 5 % p. a

Given the following details, calculate simple interest from Jan to June @ 6 % per annum.

Given the following details of an account of Mr. Ashok. If he gets Rs. 83.75 as interest which is compounded annually on 31st Dec. find the rate of interest offered to him by the bank.

Join BYJU'S Learning Program

Mr. Pratik's savings account has following details: If he receives Rs.198 as interest on 1st Jan 2007, find the interest rate per annum paid by the bank.

The correct option is D 4.5%

Mr. Pratik's savings account has following details:

If he receives Rs.198 as interest on 1st Jan 2007, find the interest rate per annum paid by the bank.

The correct option is D
4.5%