Suppose Meezan Bank ltd received the following deposits during the first quarter of its operation

in suburb Islamabad:

Namedeposits in PKR deposit date withdrawal date # of days

A 200,000    01/01/09 01/03/09   59

B   600,000 15/01/0914/02/09   30

C 300,000    20/01/09   not yet    70

D 500,000    01/02/09   01/03/09   28

a) If profit of the bank for the quarter without charging for operating expenses is Rs; 300,000 and operating expenses are Rs; 200,000. While using Daily Product System what is share in profit of bank and each depositor assuming share of Rab-ul-maal is 30%?

b) If the estimated annual return was 15 percent, how much is difference in amount between actual and

estimate