Question

How do you l calculate bank balance when not given

Answer 1

Explanation:

You must maintain the minimum balance in your account to avoid penalties. MAB is the average of all the closing-day balances in a given month. To calculate the MAB, you need to add each day's end-of-the-day balance and divide it by the number of days in that month.

Hope this helps mate ☺️.

Answer 2

Answer:

Monthly Weighed Average Balance for a Year

Step 1)

Record your account balance at the end of each month of a year

Step 2)

Add up the values you recorded in the step 1

Step 3)

Divide the result of step 2 by 12. The result is the average balance of the account for the year, weighted by month

Hope it helps you ^_^