Reena opened an account on 2-3-2006 by depositing Rs 8000 she deposits – InterviewSolution

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1.	Reena opened an account on 2-3-2006 by depositing Rs 8000 she deposits Rs 3000 on the 15th of every month and withdraws Rs 2000 on the 20th of every month .If she closed her account if the bank paid an interest of 4% per annum? (approx)
Answer» RS 15427 Rs 15127 Rs 15227 Rs 15327 Solution :(i) The minimum balance for the month of march is Rs 8000 ltrbgt (ii) The minimum balance for the month of april is Rs 9000 (III) similarly find the minimum balance of may june and julyalso find the sum of all the minumum balance form march to july (iv) CALCULATE SIMPLE interest on the above sum at 4% per annum for 5 months (v) use amount = principal + interest

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