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The sum of balance of three months (90 something days) of my bank account comes to 6,40,000 and the QAB requirement for the bank account is 25,000.

According to my calculation, the daily average balance should be (640000/90) 7111 and the QAB should be (640000/3) 2,13,333, which is much above the minimum requirement of 25000!

Am I getting it wrong?

Please help. Thanks.

2007-02-01 18:53:06 · 2 answers · asked by 3zzy 2 in Business & Finance Personal Finance

2 answers

QAB or AQB ( Average Quarterly Balance ) is calculated on the end of day balance standing in your account. After that it is the old average principle, summation of 30 days balance divided by 90. In your case it should come to Rs 25000

2007-02-02 05:53:04 · answer #1 · answered by aquarianabhi 2 · 0 0

We start with the basic distance = average speed X time traveled; in shorthand S = Vavg T where Vavg = ? is what you're looking for. S = 598 meters total distance; so Vavg = S/T = 598/(t1 + t1); where t1 = S1/V1 = 299/1.12 = ? and t2 = 299/2.57 = ? are the two timed segments and the total time T = t1 + t2. So Vavg = 598/(299*(1/1.12 + 1/2.57)) = 1.560108401 = 1.56 mps ANS.

2016-05-24 04:29:57 · answer #2 · answered by Anonymous · 0 0

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