Mathematics · Averages
A partnership firm opens a new Current Account with a bank where the required average quarterly minimum balance is Rs 50,000. The firm maintains a balance of Rs 25,000 for the first month, Rs 75,000 for the second month, and Rs 60,000 for the third month of the quarter. Did the firm meet the Average Quarterly Balance (AQB) requirement, and what is the exact AQB maintained?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Yes, the AQB is Rs 50,000.
- 2No, the AQB is Rs 47,500.
- 3Yes, the AQB is Rs 53,333.33.✓
- 4No, the AQB is Rs 45,000.
Correct answer
Yes, the AQB is Rs 53,333.33.
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