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John had a savings bank account in a bank. In the months of april, 97 and May, 97 He had the following entries in his passbookDateParticularsWithdrawals (In Rs)Deposits (In Rs)Balance (In Rs)April 1By Balance4,600.00April 7By cash1,200.005,800.00April 24To Cheque800.005,000.00May 16By Cheque2,000.007,000.00May 29To Cash1,500.005,500.00Find the amounts on which John will get interest for the months of April, 97 and May 97. |
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Answer» Since balance on 7th April = Rs. 5,800 and balance on 24th April = Rs. 5,000 Then minimum balance for the month of April = Rs. 5,000 Ans. Since balance on 10th May = Rs. 5,000 Balance on 16th May = Rs. 7,000 Balance on 29th May = Rs. 5,500 Then minimum balance for the month of May = Rs. 5,000 Ans. |
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