Multiple choice

In Ram's saving bank account, the amount qualified for paying interest of 4% for June and July are Rs. 4500 and Rs. 8500 respectively. Which of the following could be the interest paid by the bank to Ram for these months?

  1. Rs. 15

  2. Rs. 28.33

  3. Rs. 13.33

  4. Rs. 43.33

  5. Rs. 126.67
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Total Amount qualified for June and July = Rs. 4500 + Rs. 8500 = Rs.13,000 Interest paid by bank to Ram for June and July  = (4% of Rs. 13,000) / 12 = Rs. 43.33

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