Q1.

You deposit RM500 monthly into an account that pays interest of 6.3% p.a. How much will you have in the account in 8 years?

Q2.

You deposited RM500 every six months and wishes to have RM30,000 in 10 years. What interest rate should your account be to accumulate the fund?

______%

Q3.

You deposited RM500 every three months and wishes to have RM30,000 into an account with interest rates of 5.5% p.a. How long will it takes for you to have the amount saved?

_________ years