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Example – 2. Given below the entries in a saving bank account pass book

Date	Particular	Withdrawal	Deposite	Balance
Feb 8	B/F			Rs. 8,500.00
Feb 18	To self	Rs. 4,000.00
April 12	By cash		Rs. 2,238,00
June 15	To self	Rs. 5,000,00
July 8	By cash		Rs. 6,000.00

Calculate the interest for the six months February to July, at p.a. on minimum balance on or after the 10th day of each month.

Solution :

Month	Balance During the month	Balance on 10th	Minimum Balance	Qualifying Balance
Feb	8500, 4500	8500	4500	4500
March	4500	4500	4500	4500
April	4500, 6738	4500	4500	4500
May	6738	6738	6738	6740
June	6738, 1738	6738	1738	1740
July	7738	7738	7738	7740
			Total	29729

Maths by Mr. M. P. Keshari
	Chapter - 1		Chapter - 2		Chapter - 3
	Chapter - 4		Chapter - 5		Chapter - 6
	Chapter - 7		Chapter - 8		Chapter - 9
	Chapter - 10		Chapter - 11

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