1. Last month Mr Daniel had bought some quoted shares that cost RM150,000 in Bursa Malaysia. The share purchase is paid with cash for RM50,000 while the balance is paid via loan with interest rate of 12% per annum monthly rest. Today, the market value of the share drop to RM120,000. Determine the required amount that Mr Daniel owes to the bank in order to maintain the margin of financing remain status quo before the market drop.