on 1/4/2020 the balance of the saving account was SR 300,000

on 13/4/2020 the saving deposits were SR 200,000

on 20/4/2020 the saving withdrawals were SR 100,000

the saving interest during April was calculated according to 2%, annual interest rate.

the interest was deposited into the current accounts for the customers.

Required:

1. calculate the debit interest on saving accounts during April using:

a- Day of deposit to day of withdrawal method

b- Minimum Balance

c- First In, First Out (FIFO)

d- Last In, First Out (LIFO)

e- Average daily balance (ADB)