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

# Riya has an account with a bank. Following are the entries from her pass-book: DateParticularsWithdrawalsRs.p.DepositsRs.p.BalanceRs.P.08−02−08B/F−−8500.0018−02−08Toself4000.00−−12−04−08ByCash−2238.00−15−06−08Toself5000.00−−08−07−08Bycash−6000.00− Compute the page of her pass book and therefore calculate the interest for six months, which is from the month of February to July 2008 at 4.5% per annum.

A

Rs. 145.75

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

Rs. 121

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

Rs. 121.25

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

Rs. 111.45

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

## The correct option is D Rs. 111.45 Riya’s pass-book entries: MonthBalance of the monthMinimum balance between 10th to the last day of the month.Qualifying Balance.FebruaryRs.8500.00,Rs.4500.00Rs.4500.00Rs.4500.00MarchRs.4500.00.Rs.4500.00Rs.4500.00AprilRs.4500.00,Rs.6738.00Rs.4500.00Rs.4500.00MayRs.6738.00Rs.6738.00Rs.6740.00JuneRs.6738.00,Rs.1738Rs.1738.00Rs1740.00JulyRs.1738.00Rs.7738.00Rs.7740.00TotalRs.29720.00 Total principal for 1 month = Rs. 29720.00 = P, T = 112, R = 4.5%. Interest = (PRT)100= Rs. 297200×4.5×112100 = Rs. 111.45.

Suggest Corrections
0
Join BYJU'S Learning Program
Related Videos
Introduction to Indirect taxes and GST
MATHEMATICS
Watch in App
Explore more
Join BYJU'S Learning Program