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pls ans both qs will rate RM is Malaysian Ringgit (currency) QUESTION 2 a) A loan of RM 7,000 was made on 15th October 2019

pls ans both qs will rate
RM is Malaysian Ringgit (currency) image text in transcribed
QUESTION 2 a) A loan of RM 7,000 was made on 15th October 2019 at a bank that charged a simple discount rated %. The discount charged was RM 205 and the loan matured on 11th November 2019. Find the discount rate d. (3 marks) b) A 140-day promissory note dated on 19th May 2019 with a simple interest rate of 4% per annum was received by Hanim. After 62 days, she discounted the note at 2.5% discount and the proceeds received was RM 7000. Determine the face value of the

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