Friday, April 26, 2024
01:53 PM (GMT +5)

Go Back   CSS Forums > Banking & Finance > Banking Jobs > State Bank of Pakistan
Young Professional Induction program preparation Young Professional Induction program preparation

Reply Share Thread: Submit Thread to Facebook Facebook     Submit Thread to Twitter Twitter     Submit Thread to Google+ Google+    
 
LinkBack Thread Tools Search this Thread
  #1  
Old Wednesday, October 11, 2017
Junior Member
  
Join Date: Mar 2017
Posts: 6
Thanks: 11
Thanked 0 Times in 0 Posts
Bucky Barnes is on a distinguished road
Post Young Professional Induction program preparation
A person deposits Rs.15,000 in Bank. For first six months the profit rate applicable was 10% p.a. while for second six months the profit rate was 12%
:p.a. After completion of year, half the amount was withdrawn from the account.
How much amount was left in the account?
Reply With Quote
  #2  
Old Wednesday, October 11, 2017
jawad ahmed soomro's Avatar
Senior Member
  
Join Date: Feb 2012
Location: Hyderabad
Posts: 156
Thanks: 19
Thanked 15 Times in 13 Posts
jawad ahmed soomro is on a distinguished road
Default
16650
__________________
Jawad Ahmed Soomro
Reply With Quote
  #3  
Old Wednesday, October 11, 2017
Junior Member
  
Join Date: Mar 2017
Posts: 6
Thanks: 11
Thanked 0 Times in 0 Posts
Bucky Barnes is on a distinguished road
Default
How?
Reply With Quote
  #4  
Old Wednesday, October 11, 2017
Junior Member
  
Join Date: Mar 2017
Posts: 6
Thanks: 11
Thanked 0 Times in 0 Posts
Bucky Barnes is on a distinguished road
Default
Quote:
Originally Posted by jawad ahmed soomro View Post
16650

how?
Reply With Quote
  #5  
Old Wednesday, October 11, 2017
Member
  
Join Date: Oct 2017
Posts: 63
Thanks: 14
Thanked 9 Times in 8 Posts
Ammarrashid is on a distinguished road
Default
Amount deposited = 15000
Interest for first 6 months = 15000*(10 percent * 6/12)
= 15000*0.05= 750
Total amount after 6 months = 15000 + 750 = 15750
Interest for next 6 months = 15750 * (12 percent * 6/12)
= 15750*0.06=945
Total amount at the end of year= 15750+945=16695
Amount withdrawn = 16695/2=8347.5
Therefore amount remaining in the bank = 8347.5 ANS
Reply With Quote
The Following User Says Thank You to Ammarrashid For This Useful Post:
Bucky Barnes (Thursday, October 12, 2017)
  #6  
Old Thursday, October 12, 2017
Junior Member
  
Join Date: Mar 2017
Posts: 6
Thanks: 11
Thanked 0 Times in 0 Posts
Bucky Barnes is on a distinguished road
Default
Quote:
Originally Posted by Ammarrashid View Post
Amount deposited = 15000
Interest for first 6 months = 15000*(10 percent * 6/12)
= 15000*0.05= 750
Total amount after 6 months = 15000 + 750 = 15750
Interest for next 6 months = 15750 * (12 percent * 6/12)
= 15750*0.06=945
Total amount at the end of year= 15750+945=16695
Amount withdrawn = 16695/2=8347.5
Therefore amount remaining in the bank = 8347.5 ANS
Thank you buddy
Reply With Quote
Reply

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Introduction of Pakistan from Britannica Encyclopedia jamalnasir Pakistan Affairs 1 Sunday, August 07, 2016 09:03 PM
Professional Partnership Program for Journalists(USEFP sincere khan Jobs Announcements 0 Wednesday, September 24, 2014 10:20 AM
History of Iranian Nuclear Programme Naseer Ahmed Chandio News & Articles 0 Tuesday, May 30, 2006 02:07 PM
Iran News sibgakhan Current Affairs 33 Saturday, January 28, 2006 09:36 AM

CSS Forum - Privacy Statement - Terms of Service - Top

CSS Forum on Facebook Follow CSS Forum on Twitter

Disclaimer: All messages made available as part of this discussion group (including any bulletin boards and chat rooms) and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of CSSForum.com.pk (unless CSSForum.com.pk is specifically identified as the author of the message). The fact that a particular message is posted on or transmitted using this web site does not mean that CSSForum has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to the forum to report any objectionable message in site feedback. This forum is not monitored 24/7.

Sponsors: ArgusVision   vBulletin, Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.