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Mr. Navin opened a Savings Bank Account at Union Bank on 1st April 2007. The entries of one year as shown in his pass book are given below. DateParticularsWithdrawalDepositBalance1st April 2007By cash − 8550.008550.0012th April 2007To Self1200.00−7350.0024th April 2007By cash−4550.0011900.008th July 2007By cheque−1500.001340.0010th Sept. 2007To cheque−3500.0016900.0017th Sept 2007By cheque2500.00−15200.0011th Oct 2007By cash−800.00.15200.006th Jan 2008To Self2000.00−13200.009th March 2008By Cheque−950.0014150.00 The bank pays interest of 5% per annum. What will be the interest paid on 1st April, 2008? The answer should be correct to the nearest rupee.

Answer»

Mr. Navin opened a Savings Bank Account at Union Bank on 1st April 2007. The entries of one year as shown in his pass book are given below.

DateParticularsWithdrawalDepositBalance1st April 2007By cash 8550.008550.0012th April 2007To Self1200.007350.0024th April 2007By cash4550.0011900.008th July 2007By cheque1500.001340.0010th Sept. 2007To cheque3500.0016900.0017th Sept 2007By cheque2500.0015200.0011th Oct 2007By cash800.00.15200.006th Jan 2008To Self2000.0013200.009th March 2008By Cheque950.0014150.00

The bank pays interest of 5% per annum. What will be the interest paid on 1st April, 2008? The answer should be correct to the nearest rupee.




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