Raghuram Rajan deposited Rs.20000 on 1st January 2017 to open a savings account. He withdrew Rs.1,000 on the 10th of every month. He closed the account on 6th June 2017. If the bank pays interest at 4% p.a., then approximately how much interest did he receive on closing the account?

Raghuram Rajan deposited Rs.20000 on 1st January 2017 to open a saving

1.	Raghuram Rajan deposited Rs.20000 on 1st January 2017 to open a savings account. He withdrew Rs.1,000 on the 10th of every month. He closed the account on 6th June 2017. If the bank pays interest at 4% p.a., then approximately how much interest did he receive on closing the account?
A.	Rs. 251
B.	Rs. 154
C.	Rs. 294
D.	Rs. 362
E.	Rs. 452
Answer» D. Rs. 362

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Raghuram Rajan deposited Rs.20000 on 1st January 2017 to open a savings account. He withdrew Rs.1,000 on the 10th of every month. He closed the account on 6th June 2017. If the bank pays interest at 4% p.a., then approximately how much interest did he receive on closing the account?

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