Question

A bank customer had Rs. 100 in his account. He then made 6 withdrawals, totaling Rs. 100. He kept a record of these withdrawals, and the balance remaining in the account, as follows:

Withdrawals	Balance left
Rs. 50	Rs. 50
Rs. 25	Rs. 25
Rs. 10	Rs. 15
Rs. 8	Rs. 7
Rs. 5	Rs. 2
Rs. 2	Rs. 0
Rs. 100	Rs. 99

So, why are the totals not exactly right ?

• A. There is a mistake in the total of withdrawals.
• B. There is a mistake in the total of the balance.
• C. The two totals need not be equal.
• D. The bank has cheated the customer.

Answer 1

The Correct Option is C

The problem involves understanding the records of a bank account where Rs. 100 was initially deposited, and numerous withdrawals were made, totaling Rs. 100. However, there seems to be confusion due to an additional entry. Let's analyze this:

Withdrawals	Balance left
Rs. 50	Rs. 50
Rs. 25	Rs. 25
Rs. 10	Rs. 15
Rs. 8	Rs. 7
Rs. 5	Rs. 2
Rs. 2	Rs. 0
Rs. 100	Rs. 99

The entries under "Withdrawals" correctly add up to Rs. 100, as: Rs. 50 + Rs. 25 + Rs. 10 + Rs. 8 + Rs. 5 + Rs. 2 = Rs. 100. However, the final entry (Rs. 100, balance Rs. 99) is an error or redundant since it doesn't logically follow the sequence. This entry indicates an account status without being a withdrawal action. The core misunderstanding is between recording transactions and total balance evaluations, wherein an extraneous entry can imply imbalance. Therefore, the selected option: The two totals need not be equal highlights a conceptual observation rather than a calculative error, enabling distinction between transaction logging versus statement balance.