3. Suppose that James deposited RM 5,000 in a saving account of a bank with an interest rate of 4% per year compounded annually. (a) If the interest is calculated based on the principle only, what is the total amount after 6 years? Draw a table to include the principle and the amount earned at the end of each year. [9 marks] (b) If the interest is calculated based on the total principle and interest, what is the total amount after 6 years? Draw a table to include the new principles and the amount earned at the end of each year. [9 marks] (c) Based on the amount obtained from 3(a) and 3(b), which method (i.e. (a) or (b)) will you choose? Why? [7 marks] [Total: 25 marks]