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14 Dec 2024, 14:33
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rishabhm99
The reason the passage says that the daily balance for the account was recorded at the END of each of the days is that the transactions occurred DURING those days.
So, by saying that the daily balance was recorded that the very end of the day, the passage makes clear that the balance was recorded AFTER any transaction the occurred during that day occurred. That way we determine which days' balances were affected by each transaction.
If the passage instead said that the balances were recorded at the start of the days, then we would handle the information about the transactions differently. In that case, a transaction would not affect the balance recorded for the day of the transaction because the balance would have been recorded before the transaction occurred. So, in that case, a transaction would affect only the balances of days after the day of the transaction.
14 Dec 2024, 16:21
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I think this is where a little bit of real world knowledge needs to be used. 3 transactions occurred during this month. they likely occurred during the business day, and then as the passage states, it was recorded at the end of the day. in theory (or real life), obviously a transaction could occur at any time, and that fact makes this a poor question. But in this context it really just is that if the transaction happened on the 21st day, it must have happened before the END of that day.
rishabhm99
04 Feb 2026, 06:59
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Deficit from June 11 to June 15 = 350 X 5
Deficit from June 16 to June 20 = (350+500) X 5 = 850 X5
Total Deficit = 1200 X 5 = 6000
That means, for the remaining 10 days, the excess (over 1000) must be 600 (6000/10), so the daily balance needs to be 1600. But on June 20, we already have a balance of 150 (1000-350-500), so we need to deposit 1450 (1600-150) to reach 1600 for the next 10 days and a daily average of 1000 for the month.
Deficit from June 16 to June 20 = (350+500) X 5 = 850 X5
Total Deficit = 1200 X 5 = 6000
That means, for the remaining 10 days, the excess (over 1000) must be 600 (6000/10), so the daily balance needs to be 1600. But on June 20, we already have a balance of 150 (1000-350-500), so we need to deposit 1450 (1600-150) to reach 1600 for the next 10 days and a daily average of 1000 for the month.
anon1
