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opage=1 earch Courses Online Guide (Lecturer) - Online Guide (Student) (a) Zalikha makes a loan of RMX on 15th August 2019 at simple interest rate

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opage=1 earch Courses Online Guide (Lecturer) - Online Guide (Student) (a) Zalikha makes a loan of RMX on 15th August 2019 at simple interest rate of 3.5% per annum. After 120 days, the amount of the loan is matured at RM15,000. Compute the maturity date of the loan. Hence, obtain the value of X using Banker's Rule. [6 marks] (b) A couple made the transactions on the given dates as in the Table I below. The account pays an interest of 6%. Calculate the value of the account on 1st June 2020. Table 1: Transactions History Date Transaction 12 January 2020 Opened an account - Deposit RM500 19 March 2020 Withdrew RM250 29 April 2020 Withdrew RMIOO (8 marks]

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