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Commercial Banking 1 Chapter 2: Managing and Pricing Deposit

This document contains 3 exercises related to calculating interest earned on deposit accounts. The first exercise calculates the interest earned in August 2014 for a demand deposit account based on transactions during that month. The second exercise calculates the closing balance for a demand deposit account with transactions during April and May 2015. The third exercise calculates the interest earned on a 6-month term deposit opened in August 2014 under two withdrawal scenarios and the total amount that can be withdrawn when the term ends in January 2015.

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200 views2 pages

Commercial Banking 1 Chapter 2: Managing and Pricing Deposit

This document contains 3 exercises related to calculating interest earned on deposit accounts. The first exercise calculates the interest earned in August 2014 for a demand deposit account based on transactions during that month. The second exercise calculates the closing balance for a demand deposit account with transactions during April and May 2015. The third exercise calculates the interest earned on a 6-month term deposit opened in August 2014 under two withdrawal scenarios and the total amount that can be withdrawn when the term ends in January 2015.

Uploaded by

Vũ Lê
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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COMMERCIAL BANKING 1 CHAPTER 2: MANAGING AND PRICING DEPOSIT

Exercise 1:
 Mr An has a demand deposit account at XYZ bank.
 Calculate interest that An can earn in August 2014.
 Note: Bank pays interest for demand deposit account at the end of month.
 Demand deposit interest rate is 0.25%/month.
 In August 2014, demand deposit of An has following transactions:
Transaction
Date Description
Credit Debit
02/08/2014 Deposit 10,000,000
05/08/2014 Pay school feee 2,000,000
10/08/2014 Pay rent fee 3,000,000
12/08/2014 Lend Mai money 500,000
15/08/2014 Receive money from 15,000,000
foreigner
18/08/2014 Receive interest payment 6,000,000
from saving account
22/08/2014 Pay electricity, water bills 1,200,000
26/08/2014 VNPT payment 250,000
29/08/2014 Collect money from Mai 700,000
31/08/2014 Nguyễn Văn A tranfer money 1,500,000
to account holder
Exercise 2:
At Vietcombank HCMC, ABC company has a payment deposit account with belowed
transactions:
 Opening balance at the second quarter: 2,000,000 đồ ng
 Interest rate for demand deposit: 3%/year.
Request:
Calculate the closing balance of ABC company’s demand deposit account.
Note: The bank pays the interest at the end of 30th every month.
Unit: Dong

Date Credit Debit

03/04/2015 2,111,000

04/04/2015 2,110,000

16/04/2015 2,550,000

THS LÊ BẢO THY 1


COMMERCIAL BANKING 1 CHAPTER 2: MANAGING AND PRICING DEPOSIT

17/04/2015 2,552,000

15/05/2015 2,700,000

18/05/2015 2,650,000

23/05/2015 12,000,000

24/05/2015 12,050,000

03/06/2015 10,000,000

05/06/2015 8,000,000 18,000,000

29/06/2015 1,000,000

Exercise 3:
In 01/08/2014, Mr An deposits 200 million dong and ask the bank to open a saving account with
6 month term, he can withdraw interest quarterly at ACB bank. Note:
 Saving deposit rate is 9%/year.
 Demand deposit rate is 0.25%/month.
Request:
a. Calculate the total interest that Mr An can earn if he withdraw interest quarterly?
b. Calculate the total interest that Mr An can earn if he didn’t withdraw interest quarterly?
c. In 10/01/2015, Mr An want to withdraw all principal plus interest. Calculate total principal
plus interest that Mr An can earn.

THS LÊ BẢO THY 2

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