1. According to the promissory note below, answer the following questions:

RM 6,000 Kuala Lumpur, December 30 2020 Ten months after date I promise to pay to CIMB Bank, Six Thousand and 00/100 Ringgit Malaysia. Payable at CIMB Bank. Value received with interest at 12% per cent per annum.

Due: October 30, 2021 Siti Farah

(a) Name the maker of the notes.

(b) Name the payee.

(c) Determine the due date to settle the payment.

(d) Calculate the amount of interest according to the note above.

(e) Find out the amount of maturity value.

2. A loan for RM8,500 with a simple interest rate of 16% was made on May 15 and due on September 15.

(a) Find the exact interest.

(b) Find the ordinary interest.

3. Kendrick invests RM4,800 at 2% compounded quarterly for four years.

(a) Find the future value of the investment.

(b) Calculate the interest he will earn over the four-year period.

4. You have RM19,000 that you plan to invest in a compound interest bearing instrument. Your investment agent advises you that you can invest them at 6% compounded semi annually for three years or you can invest them at 6% compounded annually for three years. Determine the investment to receive the most interest.