Rohan opened a saving bank account with indian bank on 2-5-2006 .His initial balance was Rs 650 .He withdrew Rs 150 on 11-5-2006 and thereafter he neither deposited nor withdrew any amount during that month .Find the amount on which he would receive interest for that month (in Rs)A. 150B. 650C. 500D. none of these

Rohan opened a saving bank account with indian bank on 2-5-2006 .His i

1.	Rohan opened a saving bank account with indian bank on 2-5-2006 .His initial balance was Rs 650 .He withdrew Rs 150 on 11-5-2006 and thereafter he neither deposited nor withdrew any amount during that month .Find the amount on which he would receive interest for that month (in Rs)A. 150B. 650C. 500D. none of these
Answer» Correct Answer - c Balance of rohan after withdrawal (in Rs) = 650-150=500 Minimum closing balance between 10-5-2006 and the last day of 2006 is Rs 500 `therefore` Interest would be received on Rs 500

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