(a) Manu opened a savings bank account in the state bank of India on 3

1.	(a) Manu opened a savings bank account in the state bank of India on 3rd sept, 12 with Rs. 2,700. He withdrew Rs. 1,200 from the bank on 8th sept, 12 and deposited Rs. 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, 12.(b) Geeta opened a savings bank account in a bank on 7th Nov., 08 and deposited Rs. 750. She withdrew Rs. 200 on 30th Nov., 08. If no other withdrawal or deposit was made by her during this month; find the amount on which she would receive interest for the month of Nov., 08.
Answer» a) Balance on 3^rd Sept. = Rs. 2,700 Balance on 8^th Sept. = Rs. 2,700 – Rs. 1,200 = Rs. 1,500 Balance on 17^th Sept. = Rs. 1,500 + Rs. 500 = Rs. 2,000 Then minimum balance for the month of sept = Rs. 1,500 Ans b) Balance on 7^th Nov. = Rs. 750 Balance on 30^th Nov. = Rs750 – Rs. 200 = Rs. 550 Then minimum balance for the month of Nov. = Rs. 550 Ans.

(a) Manu opened a savings bank account in the state bank of India on 3rd sept, 12 with Rs. 2,700. He withdrew Rs. 1,200 from the bank on 8th sept, 12 and deposited Rs. 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, 12.(b) Geeta opened a savings bank account in a bank on 7th Nov., 08 and deposited Rs. 750. She withdrew Rs. 200 on 30th Nov., 08. If no other withdrawal or deposit was made by her during this month; find the amount on which she would receive interest for the month of Nov., 08.

Answer»

a) Balance on 3^rd Sept. = Rs. 2,700

Balance on 8^th Sept. = Rs. 2,700 – Rs. 1,200 = Rs. 1,500

Balance on 17^th Sept. = Rs. 1,500 + Rs. 500 = Rs. 2,000

Then minimum balance for the month of sept = Rs. 1,500 Ans

b) Balance on 7^th Nov. = Rs. 750

Balance on 30^th Nov. = Rs750 – Rs. 200 = Rs. 550

Then minimum balance for the month of Nov. = Rs. 550 Ans.