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 2460 for a mobile payment plan valid for 4 months
(i) 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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Step-by-step explanation:
Answered by
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Balance on jan 1 is -3500
Add salary@₹34000
For 4 months 136000
Less Rent for 4 months -4000
Less for mobile -2460
Balance at end of 4 months —————
₹126040
2)
Equivalent monthly mobile bill = ₹2460/4= ₹615
Add salary@₹34000
For 4 months 136000
Less Rent for 4 months -4000
Less for mobile -2460
Balance at end of 4 months —————
₹126040
2)
Equivalent monthly mobile bill = ₹2460/4= ₹615
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