Question 2: (3.5 marks)

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

Date	Credit	Debit
10-Jul-2020		2,000,000
12-Jul-2020	2,500,000
20-Jul-2020	3,000,000
14-Aug-2020		2,650,000
19-Aug-2020	12,000,000
3-Sep-2020	10,000,000
14-Sep-2020		4,000,000
28-Sep-2020		12,500,000

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.