b) On January 1, Ramesh had a bank balance of -3500. Over the next 4 months, his
bank account activity was as follows:
- A monthly salary of 34,000 was credited to his account
- An amount of 1,000 was debited from his account as part of his monthly rent
payment
- On January 1, Ramesh paid 3460 for a mobile payment plan valid for 4 months.
(1) What is Ramesh's balance at the end of 4 months?
(ii) How much was his equivalent monthly mobile bill payment amount?
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Answer:
1.On January 1 Ramesh had a bank balance of = -3500
His Salary = 34000 per month
Total amount in 4 month = 34000*4 = 136,000
His rent per month= 1000
Rent in 4 month= 1000*4= 4000
Recharge per month=3460*4= 13,840
Total Transaction= -3500 + 136,000 = 132,500
132,500-13,840= 1,18,660
1,18,660-4000=1,14,660
He has 1,14,660
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