Question 1:  

Given the following details, calculate simple interest at the rate of

6% per annum up to June 30. [2003]

Date Withdrawals (Rs.) Deposits (Rs.) Balance (Rs.)

Jan 1 – 24000 24000

Jan 20 5000 – 19000

Jan 29 – 10000 29000

March 15 8000 37000

April 3 7653 44653

May 6 3040 – 41613

May 8 – 5087 46700

Question 2: Mr. Ashok has an account in the Central Bank of India. The
following entries are from his passbook:-

Date Particulars Withdrawals (Rs.) Deposits (Rs.) Balance (Rs.)

01.01.05 B/F 1200

07.01.05 By Cash 500 1700

17.01.05 To Cheque 4000 1300

10..02.05 By Cash 800 2100

25.02.05 To Cheque 500 1600

20.09.05 By Cash 700 2300

 21.11.05 To Cheque 600 1700

05.12.05 By Cash 300 2000

If Mr. Ashok gets Rs. 83.75 as interest at the end of the year, where the
interest rate is compounded annually, calculate the rate of interest paid by the
bank in his Savings Bank Account on 31st December 2005. [2006]

Question 3: Kiran deposited Rs. 200 per month for 36 months in a bank’s
recurring deposit account. If the bank pays interest at the rate of 11% per
annum, find the amount she gets on maturity. [2012]

Question 4: Mohan deposited Rs. 80 per month in a cumulative deposit

account for 6 years. Find the amount payable to him on maturity, it the rate of
interest is 6% per annum. [2006]

Question 5: Mr. R. K. Nair gets Rs. 6455 at the end of one year at the rate of
14% per annum in a recurring deposit account. Find the monthly
installment. [2005]

Question 6: Ahmed has a recurring deposit account in a bank He deposits Rs.

2500 per month for 2 years. If he gets Rs. 66250 at the time of maturity, find: i)
interest paid by the bank ii) rate of interest. [2011]

Question 7: The entries in a Saving Bank passbook are given below:

 Date Particulars Withdrawals (Rs.) Deposits (Rs.) Balance (Rs.)

01.01.03 B/F 14,00.00

01.02.03 By Cash 11,500.00 25,500.00

12.02.03 To Cheque 5,000 20,500.00

05.04.03 By Cash 3,750.00 24,250.00

15.04.03 To Cheque 4,250.00 20,000.00

09.05.03 By Cash 1,500.00 21,500.00

04.06.03 By Cash 1,500.00 23,000.00

Calculate the interest for six months (January to June) at 4% per Annum on
the minimum balance on or after the tenth day of each month. [2004]

Question 8: A page from the passbook of Mrs. Rama Bhalla is given below:

Deposits Balance
Date Year 2004 Particulars Withdrawals (Rs.)
(Rs.) (Rs.)

January 1 B/F 2,000.00

January 9 By Cash 200.00 2,200.00

February 10 To Cheque 500.00 1,700.00

February 24 By Cheque 300.00 2,000.00

July 29 To Cheque 200.00 1,800.00

November 7 By Cash 300.00 2,100.00

December 8 By Cash 200.00 2,300.00

Calculate the interest to Mrs. Rama Bhalla for the period of January 2004 to
December 2004, at the rate of 5% per annum. [2005]

Question 9: A page from Saving Bank account of Mr. Prateek is given below:

Deposits Balance
Date Particulars Withdrawals (Rs.)
(Rs.) (Rs.)

January 1st 2006 B/F – – 1,270

January 7th 2006 By Cheque – 2,310 3,580

March 9th 2006 To Self 2,000 – 1,580

March 26th 2006 By Cash – 6,200 7,780

June 10th 2006 To Cheque 4,500 – 3,280

July 15th 2006 By Clearing – 2,630 5,910

October 18th 2006 To Cheque 530 – 5,380

October 27th 2006 To Self 2,690 – 2,690

November 3rd 2006 By Cash – 1,500 4,190

December 6th 2006 To Cheque 950 – 3,240

December 23rd 2006 By Transfer – 2,920 6,160

If he receives Rs.198 as interest on 1st January 2007. Find the rate of interest

paid by the bank. [2012]
Question 10: Mrs. Kapoor opened a Saving Bank Account in State Bank of
India on 9th January 2008. Her passbook entries for the year 2008 are given
below:
Withdrawals Deposits
Date Particulars Balance (Rs.)
(Rs.) (Rs.)

Jan. 9, 2008 By Cash – 10,000 10,000

 Feb. 12, 2008 By Cash – 15,500 25,500

April 6, 2008 To Cheque 3,500 – 22,000

April 30, 2008 To Self 2,000 – 20,000

July 16, 2008 By Cheque – 6,500 26,500

Aug. 4, 2008 To Self 5,500 – 21,000

Aug. 20, 2008 To Cheque 1,200 – 19,800

Dec. 12, 2008 By Cash – 1,700 21,500

Mrs. Kapoor closed the account on 31st December 2008. If the bank pays
interest at 4% per annum, find the interest he receives on closing the account.
Give your answer correct to the nearest rupee. [2010]
Question 11: Explain the following:

i) Punnet has a recurring deposit account in Bank of Baroda and deposits

Rs.140 per month for 4 years. If he gets Rs.8,092 on maturity, find the rate of
interest given by the bank.

ii) David opened a recurring deposit account in a bank and deposited Rs.300
per month for two years. If he received Rs.7,725 at the time of maturity, find
the rate of interest per annum. [2008]

Question 12: Amit deposited 150 per month in a bank for 8 month under the
recurring deposit scheme. What will be the maturity value of his deposits, if
the rate of interest is 8% per annum and interest is calculated at the end of
every month? [2001, 2007]
Question 13: Mr. Gupta opened a recurring deposit account in a bank. He
deposited Rs. 2,500 per month for two years. At the time of maturity, he got
Rs.67,500. Find:

Question 14: Given below are the entries in a saving Bank A/C passbook:

Date Particulars Withdrawals (Rs.) Deposits (Rs.) Balance (Rs.)

Feb. 8 B/F – – 8,500

Feb. 18 To Self 4,000 – 4,500

April 12 By Cash – 2,230 6,730

June 15 To Self 5,000 – 1,730

July 8 By Cash – 6,000 7,730

Calculate the interest for six months from February to July at 6% p.a. [2013]

Question 15: Chaudhary opened a saving bank account at State Bank of India
on 1st April 2007. The entries of one year as shown in his passbook are given
below:
Date Particulars Withdrawals (Rs.) Deposits (Rs.) Balance (Rs.)

1st April 2007 By Cash – 8,550.00 8,550.00

12th April 2007 To Self 1,200.00 – 7,350.00

24th April 2007 By Cash – 4,550.00 11,900.00

8th July 2007 By Cheque – 1,500.00 13,400.00

10th Sept. 2007 By Cheque – 3,500.00 16,900.00

17th Sept. 2007 To Cheque 2,500.00 – 14,400.00

 11th Oct. 2007 By Cash – 800.00 15,200.00

6th Jan. 2008 To Self 2,000.00 – 13,200.00

9th March 2008 By Cheque – 950.00 14,150.00

If the bank pays interest at the rate of 5% per annum, find the interest paid on
1st April 2008. Give your answer correct to nearest rupee. [2011]

Question 16: Bitto deposits a certain sum of money in a recurring deposit

account of a Bank. If the rate of interest of 8% per annum and Mr. Bitto gets
Rs.8,008 from the bank after 3 years, find the value of his monthly
installment. [2013]

Answer:

He must deposit Rs. 200 every month.

Question 17: Shahrukh opened a recurring deposit account in a bank and

deposited 800 per month for 1 ½ years. If he received Rs.15,084 at the time of
maturity. Find the interest rate per annum. [2014]
Question 18: A page from the saving account of Priyanka is given below:

Date Particulars Withdrawals (Rs.) Deposits (Rs.) Balance (Rs.)

03/04/2006 B/F 4000.00

05/04/2006 By Cash 2000.00 6000.00

18/04/2006 By Cheque 6000.00 12000.00

25/05/2006 To Cheque 5000.00 7000.00

30/05/2006 By Cash 3000.00 10000.00

20/07/2006 By Self 4000.00 6000.00

10/09/2006 By Cash 2000.00 8000.00

19/09/2006 To Cheque 1000.00 7000.00

If the interest earned by Priyanka for the period ending September 2006 is
Rs.175, find the rate of interest. [2014]
Question 19: Mr. Dhoni has an account in the Union Bank of India. The
following entries are from his passbook:

Date Particulars Withdrawals (Rs.) Deposits (Rs.) Balance (Rs.)

Jan 3, 07 B/F – – 2642.00

Jan 16, 07 To Self 640.00 – 2002.00

March 5, 07 By Cash – 850.00 2852.00

April 10, 07 To Self 1130.00 – 1722.00

April 25, 07 By Check – 650.00 2372.00

June 15, 07 By Cash 577.00 – 1795.00

Calculate the interest from January 2007 to June 2007 at the rate od 4% per
annum. [2008]

Question 20: Given below are the entries in a Saving Bank A/c passbook:

Date Particulars Withdrawals (Rs.) Deposits (Rs.) Balance (Rs.)

Feb 8 B/F – – 8500

Feb, 18 To Self 4000 –

April, 12 By Cash – 2238

June, 15 To Self 5000 –

June, 8 By Cash – 6000

Calculate the interest for the six months, February to July, at 4.5% per annum
on the minimum balance on or after the 10th day of each month. [2000, 2007]