Q18: Mr. Hassan opened a saving account in Bank Alfalah on 1* January 2005 and initially he deposited Rs. 12,000 in his account. On 1* March 2007, he makes another deposit of Rs. 45,000 in his account. On 1* January 2009, he had withdrawn Rs. 30,000 from his account. If the bank is paying him 7.5% interest on his account, calculate how much amount is available in his account at 31s December 2011.
Q18: Mr. Hassan opened a saving account in Bank Alfalah on 1* January 2005 and initially he deposited Rs. 12,000 in his account. On 1* March 2007, he makes another deposit of Rs. 45,000 in his account. On 1* January 2009, he had withdrawn Rs. 30,000 from his account. If the bank is paying him 7.5% interest on his account, calculate how much amount is available in his account at 31s December 2011.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Q18: Mr. Hassan opened a saving account in Bank Alfalah on 1* January 2005 and initially he
deposited Rs. 12,000 in his account. On 1* March 2007, he makes another deposit of Rs. 45,000
in his account. On 1* January 2009, he had withdrawn Rs. 30,000 from his account. If the bank
is paying him 7.5% interest on his account, calculate how much amount is available in his
account at 31s December 2011.
Transcribed Image Text:Q19: Mr. Saqlain opened a saving account in MCB Bank on 1st April 2003 and initially he
deposited Rs. 100,000 in his account. On 1* February 2005, he makes another deposit of Rs.
50,000 in his account. On 1ª September 2007, he had withdrawn 50% amount from his total
available amount in the account. He made further deposits of Rs. 20,000, Rs. 25,000 and Rs.
5,000 on 1s* January of the years 2008, 2009 and 2010.If the bank is paying him 8% interest on
his account, calculate how much amount is available in his account at 31s* December 2011.
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