Question

please answer this math question​

Answer 1

QuestioN :

A Man Opened a Savings Bank Account with a Bank on 22nd February 1998 and Deposited Rs. 300. He Further Deposited Rs. 1,500 on 5th March 1998 and Withdrew Rs. 500 on 12th April 1998. Write the amount on which he would receive interest For :

GiveN :

• 22nd February deposited = Rs. 300
• Further deposited on 5th March 1998 = Rs. 1,500
• Withdrew on 12th April 1998 = Rs. 500

To FiNd :

• The amount on which he would receive interest For

ANswer :

(iv) May, 98

SolutioN :

Balance on 22nd February = Rs. 300

Balance on 5th March = Rs. 300 + Rs. 1,500 = Rs. 1,800

Balance on 12th April = Rs. 1,800 - Rs. 500 = Rs. 1,300

(i) Minimum balance for the month of February = Nil since he opens the account after 10th of the month.

(ii) Minimum balance for the month of March = Rs. 1,800

(iii) Minimum balance for the month of April = Rs. 1,300

(iv) Minimum balance for the month of May = Rs. 1,300

∴Hence, the amount on which he would receive interest for May, 98