John had a savings bank account in a bank. In the months of april, 97 and May, 97 He had the following entries in his passbook
John had a savings bank account in a bank. In the months of april, 97 and May, 97 He had the following entries in his passbook
| Date | Particulars | Withdrawals (In Rs) | Deposits (In Rs) | Balance (In Rs) |
| April 1 | By Balance | 4,600.00 | ||
| April 7 | By cash | 1,200.00 | 5,800.00 | |
| April 24 | To Cheque | 800.00 | 5,000.00 | |
| May 16 | By Cheque | 2,000.00 | 7,000.00 | |
| May 29 | To Cash | 1,500.00 | 5,500.00 |
Find the amounts on which John will get interest for the months of April, 97 and May 97.
4 views
1 Answers
Since balance on 7th April = Rs. 5,800
and balance on 24th April = Rs. 5,000
Then minimum balance for the month of April = Rs. 5,000 Ans.
Since balance on 10th May = Rs. 5,000
Balance on 16th May = Rs. 7,000
Balance on 29th May = Rs. 5,500
Then minimum balance for the month of May = Rs. 5,000 Ans.
4 views
Answered