Homework Answers
Formula for computations
Weighted average balance
Average balance X weights
Investors share of profit
Weighted Balance/Total Weighted Balance X Total Profit
Investor's Return
Investors share of profit/Average Balance
Total profit = 15,000,000 X 70% = 1,050,000
| Deposit Type | Average Balance $ | Weights | Weighted Average Balance | Investor's share of profit | Investor's rate of return |
| <= 6 months | 3,00,00,000 | 0.60 | 1,80,00,000 | 21,84,971 | 7.28% |
| <= 9 months | 4,00,00,000 | 0.90 | 3,60,00,000 | 43,69,942 | 10.92% |
| <= 12 months | 2,00,00,000 | 1.00 | 2,00,00,000 | 24,27,746 | 12.14% |
| > 12 months | 1,00,00,000 | 1.25 | 1,25,00,000 | 15,17,341 | 15.17% |
| 10,00,00,000 | 8,65,00,000 | 1,05,00,000 |
Thus the amount of profit for each investor can be determined as follows:
Rahman = 600,000 X 7.28% = 43,680
Alya = 750,000 X 12.14% = 91,050
Hana = 1,000,000 X 15.17% = 151,700
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