Question

Anil deposited a sum of rs 500 on 5th August. On 17 October he withdrew whatever interest had accured in his account. At the same time he withdrew rs 100 from his deposit. He later withdrew the balance amount left in his account with interest on 29 December. What sums did he receive on these two dates if the bank paid an interest of 5% per annum?

Answer 1

he will receive some
= 500*5/100 = 25 Rs of 500 Rs