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kindly solve this as soon as possible Save 10 points Assala Bank is planning to launch a new deposit campaign next month to raise new

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kindly solve this as soon as possible

Save 10 points Assala Bank is planning to launch a new deposit campaign next month to raise new deposits. It expects to raise AED30 million in new money if it pays a deposit rate of 7%. AED60 million in new money if it pays a deposit rate of 7.5%, AED80 million in new money if it pays a deposit rate of 8%, and AED 100 million in new money if it pays a deposit rate of 8.596. The bank expects to earn 9.75% on all money that it receives in new deposits. Required. a. Complete the table below in order to calculate the total profits earned. (8 marks) b. Based on your calculations, how far should this bank attract and go in raising its new deposits in order to maximize the total profits? (2 marks) Total Marginal Marginal Total Expected Rate Offered on Interest Interest Marginal Cost Revenue Exp. Diff. In Marg. Rev Profits Inflows New Funds Rate Cost and Costs Cost Rate Earned

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