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Mr. Shashank’s saving bank account details are as follows: DateParticularsWithdrawal(in Rs)Deposit(in Rs)Balances(in Rs)January 1st 2006B/F−−1270January 7th 2006By Cheque−23103580March 9th 2006To Self2000−1580June 26th 2006By cash−62007780June 10th 2006To Cheque4500−3280July 15th 2006By Clearing−26305910October 18th 2006To Cheque530−5380October 27th 2006 To Self2690−2690November 3rd 2006By Cash−15004190December 6th 2006To Cheque950−3240December 23rd 2006By Transfer−29206260 If he receives 198 as interest on 1st January, 2007, then what is the rate of interest paid by the bank? |
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Answer» Mr. Shashank’s saving bank account details are as follows: DateParticularsWithdrawal(in Rs)Deposit(in Rs)Balances(in Rs)January 1st 2006B/F−−1270January 7th 2006By Cheque−23103580March 9th 2006To Self2000−1580June 26th 2006By cash−62007780June 10th 2006To Cheque4500−3280July 15th 2006By Clearing−26305910October 18th 2006To Cheque530−5380October 27th 2006 To Self2690−2690November 3rd 2006By Cash−15004190December 6th 2006To Cheque950−3240December 23rd 2006By Transfer−29206260 If he receives 198 as interest on 1st January, 2007, then what is the rate of interest paid by the bank? |
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