A company named infosys paid to its employee Arshya Rs 15000 throught a abnk on the 2nd of every month .The company opened the saving account with icici bank on 2-7-2006 by depositing her firt salary .she used to withdraw Rs 4000 for her expenses on the 15th of every month .If she closed her account on 8-11-2006 then on what amount did she receive interest?

A company named infosys paid to its employee Arshya Rs 15000 throught

1.	A company named infosys paid to its employee Arshya Rs 15000 throught a abnk on the 2nd of every month .The company opened the saving account with icici bank on 2-7-2006 by depositing her firt salary .she used to withdraw Rs 4000 for her expenses on the 15th of every month .If she closed her account on 8-11-2006 then on what amount did she receive interest?
Answer» RS 121000 Rs 111000 Rs 120000 Rs 110000 Solution :(i) Minimum BALANCE for the MONTH of july is Rs 11000 (ii) Minimum balance for the month of august is Rs (11000+15000-4000) i.e Rs 22000 (III) Similarly calculate the minimum balance for the remaining monthltrbgt (iv) ADD all such minimum balances