1) An invoice dated 10 May 2020 for RM8200 inclusive handling charges of RM70 was offered trade discounts of 9% and 5% and cash discount terms of 8/10,3/20 and n/30. Find: a. the net price after trade discount b. the amount paid on 23 May 2020

2) A bank discounts a RM10 000 note due in three months using a bank discount rate of 5%. Find the equivalent simple interest rate charged by the bank.