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QUESTION 1 a) On 5 July 2021, Nadhirah borrowed RM800 and agreed to repay the loan in 100 days at 10% per annum simple interest.

QUESTION 1 a) On 5 July 2021, Nadhirah borrowed RM800 and agreed to repay the loan in 100 days at 10% per annum simple interest. Find the simple amount of the loan and the settlement date of the loan, using the Banker's Rule. b) An investment of RM300 will become RM333.75 after a certain period of time. If the investment offered a simple interest rate of 7.5% per annum, find the number of days using Banker's Rule. (10 marks)

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