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3. i) A 90-day, 8% interest bearing note for RM3000 dated 2 September was discounted on 14 November 2019 at 5%. Find a) the maturity

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3. i) A 90-day, 8% interest bearing note for RM3000 dated 2 September was discounted on 14 November 2019 at 5%. Find a) the maturity value of the note, b) the discount, c) the proceeds. ii) A bank discounts all short term loans of 60-day duration at 14%. W the equivalent simple interest rate? iii) Felix owned a RM676, non-interest bearing note dated 9 August 2 14 September 2019, he discounted the note at 6% and received RM672. the maturity date of the note. iv) Grace had a 10% interest bearing note dated 3 March 2019. The t the note was 100 days. On April 29 2019, she discounted the note at 9%. If th proceeds received amounted to RM2766.98, find a) the maturity date of the note, b) the maturity value of the note, c) bank discount value in ringgit, d) the face value of the note, e) the simple interest rate that is equivalent to the bank discount rat

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