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 d...

According to the bank debit side gets deducted and credit side gets added And we have to calculate i ...

Mr. H has a demand deposit with transactions as following at ABC: Opening balance at the first

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

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.

Related Book For answer-question

Discrete and Combinatorial Mathematics An Applied Introduction

ISBN: 978-0201726343

5th edition

Authors: Ralph P. Grimaldi

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Posted Date: Sep 28, 2022 04:45 AM

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Mr. H has a demand deposit with transactions as following at ABC: Opening balance at the first

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Discrete and Combinatorial Mathematics An Applied Introduction

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