1) Lily invested RM 100 every month for five years in an investment scheme. She was offered 5% compounded monthly for the first three years and 9% compounded monthly for the rest of the period. Find the accumulated amount at the end of the five years. Hence, determine the interest(5 Marks)

2) What would RM1000 become in a saving account at 3% per year for 3 years when the interest is simple interest? What would the same amount become after 3 years with the same rate but compounded annually? (3 Marks)

3) A debt of RM7,000 matures at the end of the second year and another of RM8,000 at the end of six years. If the debtor wishes to pay his debts by making one payment at the end of the fifth year, find the amount he must pay if money is worth 6% compounded semi-annually using

a)the present as the focal date, and (4 Marks)

b)the end of the fifth year as the focal(3 Marks)

4) A sum of money Y was deposited in a savings account with interest 8% compounded monthly on 1 June 2003. On 1 September 2005, RM2,500 was withdrawn and the balance as of 1 April 2009 was RM8,964.50. Find the value ofY. (3 Marks)