Question
Mr. H has a demand deposit with transactions as following at ABC: Opening balance at the first quarter: 10,000,000 VND. Demand deposit interest rate: 2%/year
Mr. H has a demand deposit with transactions as following at ABC:
Opening balance at the first quarter: 10,000,000 VND.
Demand deposit interest rate: 2%/year
Unit:VND
Request: Calculate the balance of demand deposit at the end of the third quarter of this client.
Note: The bank adds the interest of demand deposit at the end each month.
Date 10-Jul-2020 12-Jul-2020 20-Jul-2020 14-Aug-2020 19-Aug-2020 3-Sep-2020 14-Sep-2020 28-Sep-2020 Credit 2,500,000 3,000,000 12,000,000 10,000,000 Debit 2,000,000 2,650,000 4,000,000 12,500,000
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According to the bank debit side gets deducted and credit side gets added And we have to calculate i...
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Discrete and Combinatorial Mathematics An Applied Introduction
Authors: Ralph P. Grimaldi
5th edition
201726343, 978-0201726343
