Exams

                                         A                  B                   C

investment                    3x                 4x                  5x

Rate of return              6y%              5y%                4y%

Return                        18xy100 20xy100 20xy100                

               Total = (18+20+20) = 58xy100

     B's earnings - A's earnings  = 2xy100 = 250

     Total earning = 58xy100 = 7250

On carefully inspecting this question, one can understand that there are two days which are important and these are:

A. My Birthday.

B. The day when I am making this statement.

If you think for a while, you will understand that such statements can be made only around the year’s end. So, if my birthday is on 31 December, then I will be making this statement on 1 January.

I will further explain using the following example:

1. Consider that today is 01 January 2017.

2. Then, the day before yesterday was 30 December 2016 and according to the question I was 25 then.

3. Yesterday was 31 December 2016, which happens to be my birthday too (Woohoo!), and my age increases by one to become 26.

4. I will turn 27 on my birthday this year (31 December 2017).

5. I will turn 28 on my birthday next year (31 December 2018).

Now, if you read the question again, it will make more sense:

The day before yesterday(30 December 2016), I was 25 years old and next year(31 December 2018) I will be 28.

At 5% more rate, the increase in S.I for 10 years = Rs.600  (given)

So, at 5% more rate, the increase in SI for 1 year = 600/10 = Rs.60/-

i.e. Rs.60 is 5% of the invested sum

So, 1% of the invested sum = 60/5

Therefore, the invested sum = 60 × 100/5 = Rs.1200

If an outstanding check of the previous month clears the bank (is paid by the bank) in the current month, you simply remove that check from the list of outstanding checks.

If an outstanding check of the previous month does not clear the bank in the current month, the check will remain on the list of outstanding checks until the month that it does clear the bank.

In the bank reconciliation process, the total amount of the outstanding checks is deducted from the balance appearing on the bank statement.