1. Ken invests RM14,800 at 2% compounded quarterly for two years.

(a) Find the future value of the investment.

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

2. You have RM9,000 that you plan to invest in a compound interest bearing instrument. Your investment agent advises you that you can invest the RM9,000 at 8% compounded semi-annually for three years or you can invest the RM9,000 at 8% compounded annually for three years. Determine the investment to receive the most interest.