(a) A stock in Roy Ltd actually costs Rs 11 to purchase and is expected to be worth Rs 13 each in 3.5 years. Calculate the rate of return. (2 marks)

(b)Jim who is actually 28 years old, plans to retire at the age of 65 with an accumulated lump sum of Rs4.5M. Calculate his monthly contribution assuming an Annualised percentage rate of 6% (2 marks)

(c)SBM Ltd has made an interesting offer on loans for all first-time buyers of a house having the following particulars:

Loan amount: Rs 3,500,000

Rate of interest: 5% per annum (Annualised Percentage Rate)

Maturity period: 24 years

Calculate the monthly payment.