BANK MANAGEMENT Encik Tarmizi Harun applied for an Islamic Overdraft facility using Mudharabah Current account from Bank Rakyat Berhad for RM 95,000 secured against a property worth RM 380,000. His drawing limit approved was 75 % of the property value. The facility was for five years and the principal sum was settled in one bullet payment at the end of tenure. The bank's contractual profit rate is 15% p.a. Monthly rates applicable are stated below. No of Days Utilized Debit (RM) 04/12/18- 10/12/18 11/12/18-19/12/18 20/12/18-23/12/18 24/12/18-26/12/18 27/12/18-29/12/18 30/12/18-31/12/18 712 21,999 1,600 Note Profit rate from 01.12.18-15.12.18 Profit rate from 16.12.18-31.12 18 Credit (RM) 15,489 15,225 17,008 Balance Outstanding -6.75% p.a - 8.00% p.a Q) Compute on En Tarmizi's account as at the end of December 2018 the followings: - (i) Monthly profit (ii) Monthly rebate BANK MANAGEMENT Encik Tarmizi Harun applied for an Islamic Overdraft facility using Mudharabah Current account from Bank Rakyat Berhad for RM 95,000 secured against a property worth RM 380,000. His drawing limit approved was 75 % of the property value. The facility was for five years and the principal sum was settled in one bullet payment at the end of tenure. The bank's contractual profit rate is 15% p.a. Monthly rates applicable are stated below. No of Days Utilized Debit (RM) 04/12/18- 10/12/18 11/12/18-19/12/18 20/12/18-23/12/18 24/12/18-26/12/18 27/12/18-29/12/18 30/12/18-31/12/18 712 21,999 1,600 Note Profit rate from 01.12.18-15.12.18 Profit rate from 16.12.18-31.12 18 Credit (RM) 15,489 15,225 17,008 Balance Outstanding -6.75% p.a - 8.00% p.a Q) Compute on En Tarmizi's account as at the end of December 2018 the followings: - (i) Monthly profit (ii) Monthly rebate