Question
Determine the ending balance of a saving account on June 30 that had a RM 10,000 balance on April 15 and was compounded daily
Determine the ending balance of a saving account on June 30 that had a RM 10,000 balance on April 15 and was compounded daily at 5%. During the quarter, the following transaction occurred: May 2 RM 2000 was withdrawn June 5 RM3,000 was deposited. (Using the Banker's Rule if applicable).
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