Question
Please help me QUESTION 1a Ahmad invested RM5,000 in an investment scheme on 18th October 2018. The investment offered a simple interest rate of 5.25%
Please help me
QUESTION 1a
Ahmad invested RM5,000 in an investment scheme on 18th October 2018. The investment offered a simple interest rate of 5.25% per annum. By using approximate time and exact simple interest, find the total interest received on 21st December 2018.
QUESTION 1b
RM4,500 was borrowed for 40 weeks at a discount rate of 8.75%. Determine the amount received and the simple interest rate that is equivalent to the given discount rate
QUESTION 1c
RM P was invested in a bank for 5 years 4 months. If the interest rate offered was 4.5% compounded every two months and the accumulated amount at the end of the investment period is RM19,369.20, find the value of P and the interest earned
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started