Hello M'am/Sir Could you please solve this question? Related to Time Value Money (Simple Interest) Q18: Mr. Hassan opened a saving account in Bank Alfalah on 1* January 2005 and initially hedeposited Rs. 12,000 in his account. On 1* March 2007, he makes another deposit of Rs. 45,000in his account. On 1* January 2009, he had withdrawn Rs. 30,000 from his account. If the bankis paying him 7.5% interest on his account, calculate how much amount is available in hisaccount at 31s December 2011. Q19: Mr. Saqlain opened a saving account in MCB Bank on 1st April 2003 and initially hedeposited Rs. 100,000 in his account. On 1* February 2005, he makes another deposit of Rs.50,000 in his account. On 1ª September 2007, he had withdrawn 50% amount from his totalavailable amount in the account. He made further deposits of Rs. 20,000, Rs. 25,000 and Rs.5,000 on 1s* January of the years 2008, 2009 and 2010.If the bank is paying him 8% interest onhis account, calculate how much amount is available in his account at 31s* December 2011.

The amount available in account as om 31st December 2011 = future value of all deposits as on that…

Q18: Mr. Hassan opened a saving account in Bank Alfalah on 1* January 2005 and initially he deposited Rs. 12,000 in his account. On 1* March 2007, he makes another deposit of Rs. 45,000 in his account. On 1* January 2009, he had withdrawn Rs. 30,000 from his account. If the bank is paying him 7.5% interest on his account, calculate how much amount is available in his account at 31s December 2011.

Q18: Mr. Hassan opened a saving account in Bank Alfalah on 1* January 2005 and initially he deposited Rs. 12,000 in his account. On 1* March 2007, he makes another deposit of Rs. 45,000 in his account. On 1* January 2009, he had withdrawn Rs. 30,000 from his account. If the bank is paying him 7.5% interest on his account, calculate how much amount is available in his account at 31s December 2011.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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