# Brilliant’s Composite Mathematics Class 8 Solutions Chapter 8

## Brilliant’s Composite Mathematics Class 8 Solutions Chapter 8 Banking System

Welcome to NCTB Solutions. Here with this post we are going to help 8th class students for the Solutions of Brilliant’s Composite Mathematics Class 8 Math Book, Chapter 8, Banking System. Here students can easily find step by step solutions of all the problems for Banking System, Exercise 8.1 Also here our mathematics teacher’s are solved all the problems with easily understandable methods with proper guidance so that all the students can understand easily.

Banking System Solution Exercise 8.1

Question no – (1)

Solution :

We know that,

(i) The interest is computer month wish on the minimum balance between the 10th day and the last day of the month.

(ii) The deposits made after 10th day do not earn any interest for that month.

Minimum balance during June (after 10th June) is Rs. 500 and during July is Rs. 1500

Total,

= 500 + 1500

= 2000

Therefore, he will earn interest for Rs 2000.

Question no – (2)

Solution :

 Month Jan Feb Mar April May June July Aug Sep Oct Nov Dec Minimum balance 1500 3475 3475 1475 1475 1475 2675 2675 2175 2175 2175 4175

Total = 28925

∴ Interest = 28925 × 5/100 × 12

= 5785/48 rupees

Question no – (3)

Solution :

 Month Jan Feb Mar April May June July Aug Sept Oct Nov Dec Minimum balance 860 750 450 125 125 5 5 5 800 800 525 420

Total = 4870

Interest = 4870 × 5/100 × 12

= 487/24 rupees.

Question no – (4)

Solution :

 Month Jan Feb Mar April May June July Aug Sept Oct Nov Dec Minimum balance 2900 2600 2900 2900 3700 4000 3700 4200 4600 4600 3800 4100

Total = 44000

Interest = 44000 × 5/100 × 12

= 550/3 rupees

Previous Chapter Solution :

👉 Chapter 7

Updated: May 29, 2023 — 6:20 am