1.

Pasha deposited Rs 20000 on 1-1-2006 to open a saivng account .He withdrew Rs 1000 on the 10th of every month .He closed his accounts on closing the account if the bank paid interest at 4% per annum ? (approx)

Answer»

RS 283
Rs 192
Rs 384
Rs 252

Solution :(i)FIND the MINIMUM balance of each month form janurary to june .Find the sum of all such minimum balance
(ii) CALCULATE SIMPLE interest on the above sum at 4% per annum


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