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Q1) En. Ahmad borrowed RM2000 from bank and was charged with interest of 12% per annum. Calculate the amount of loan to be repaid after
Q1) En. Ahmad borrowed RM2000 from bank and was charged with interest of 12% per annum. Calculate the amount of loan to be repaid after 5 years. 02) Puan Hani needs RM2000 in the next five years. Determine the amount of money that needs to be saved now if the savings receive interest at the rate of 6% per annum. Q3) Smart Printing Company Sdn. Bhd. intends to buy a machine now on credit. The company is able to make a payment of RM12000 per year for the next 10 years. Determine the price of a machine that can be bought if the loan is charged 10% per annum. P-A Q4) A company plans to buy a machine with a starting cost of RM150000 on credit. Calculate the total payment every month for 5 years to settle the amount with assumption that the loan is charged at the rate of 12% per annum. 05) Let's say Ahmad saves RM5000 at the end of year for 15 years period. Calculate the amount of money that can be withdrawn after 15 years if the savings receive interest at the rate of 5% per annum. 26) A firm plans to buy an oil filter equipment worth RM100000 over the next four years. The firm will make savings every year so that the oil filter equipment can be purchased in cash. Calculate the amount of money that needs to be saved each year if the savings receive interest at the rate of 6% per annum
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