Multiple choice

The balance as on 1st June in the saving bank account of Mr. Sandeep was Rs. 9,800. In the same month, he had made the following transactions: (1) He paid his telephone bill of Rs. 1,100 by cheque on 3rd June. (2) On 10th, he deposited Rs. 1,000 (3) On 14th, he withdrew Rs. 1,500.

Which of the following qualifies for crediting interest by the bank to Mr. Sandeep's account?

  1. Rs. 9,700

  2. Rs. 8,200

  3. Rs. 8,700

  4. Rs. 7,200

  5. Rs. 8,000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Qualifying amount = Rs. 9,800 - Rs. 1,100 + Rs. 1,000 - Rs. 1,500 = Rs. 8,200

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